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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (1733)1/29/2002 2:30:13 PM
From: Dave Gore  Read Replies (2) | Respond to of 16631
 
MIR ALERT (10.27) - Amazing comeback from $8.75 earlier. I figured it was just a short ploy. Looks like somebody bought lots of puts and then covered about 2 hours ago and went long ahead of earnings.

That's why I highlighted as a possible play. Prey on fears, panic the longs, and then cover at the bottom and go long. Seen it over and over. Sometimes the short is justified, most of the time not.