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Strategies & Market Trends : MP - Market Pulse -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (1246)	8/22/2001 8:34:59 PM
From: Stephen M. DeMoss	Respond to of 1328

Mishelo, I have been away for a few days. Sorry for not posting earlier. For me, Max pan is a nice added reason to make a trade but never to be used to base a trade on. That is my opinion based on seeing too many cases in this bear market NOT work. The stock I was referring to was Thqi (Not Thgi). It is a bloated pig (IMO) and now seems to be slowly breaking down. The stock was going up every day regardless of the general markets. It recently (Monday?) declared they plan to issue more shares and it shed a few points. I am about 6 dollars in the money on Sept. puts and still feel it has a boatload of points to shed. Yet time is an issue and I may roll them over. In terms of market direction, I still see downside action and no real rally near term. We have come to far down to rally back when the fundementals are still uncertain. Max pan on Thqi is probably around 50 (where it is now). Any opinions are welcome! Thanks for your other notes. Steve D.