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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Venditâ„¢ who wrote (4616)2/4/2005 11:25:36 AM
From: Walkingshadow  Read Replies (2) | Respond to of 8752
 
Saw that... I'm long.

LMIA short hasn't triggered yet.... still above intraday resistance.

QQQQ up on the day so far. Wonder if this is setting up a post-lunch selloff?

T



To: Venditâ„¢ who wrote (4616)2/4/2005 3:27:09 PM
From: Walkingshadow  Read Replies (1) | Respond to of 8752
 
OSTK is flying... up over 11% on the day, volume pretty decent. Somehow I didn't notice before, but OSTK was coming off solid support from the 200; that makes the risk/reward profile more favorable:

139.142.147.218

Besides the upgrade, there was something else today on the newsfeed:

Pacific Growth believes that Overstock's Auction platform could benefit substantially in coming weeks from eBay's (EBAY -1.67) to-be-implemented fee increases. Notes that several sizable members of eBay's community have indicated to firm their plans for expansion onto Overstock later this month. In firm's view, Auctions' long-term success remains uncertain, but near-term excitement could drive shares higher.

Nice move.... :-)))

T