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To: Return to Sender who wrote (1151)7/12/2002 11:54:14 AM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 13403
 
OT. SLAB

RtS, it seems to me whoever is running this stock is trying to do a short squeeze. There is hardly any stock offered for sale even though it is near the day's high, and near a strong resistance point. It's like they want to break out through it. My guess is that this is a manipulated stock. But I have no idea how much money the runner is willing to put into it to drive the price up. Certainly it seems they are in no hurry to take profits at 27.

I think today will depend on whether the funds have to sell for redemptions late in the day. It sure doesn't look like it though. And yesterday they were buying like crazy late in the day.

It seems a stop loss limit is in order here.

Just my opinion, of course. Good luck.

Sarmad

edit. It looks like the breakout is failing. Congrats.



To: Return to Sender who wrote (1151)7/12/2002 11:59:57 AM
From: Robert O  Read Replies (2) | Respond to of 13403
 
ot

re: SLAB play
RtS,

I like the short at top or long at bottom plays with stops. Where is your stop? I'd say 27.11 works. If it gets there you should gt out with small loss and watch for higher short play. SLAB does not trade a lot of volume so it's dangerous from that perspective and I thinks that explains some of the issues prev. post brings up. The spread is brutal at times.

RO