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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (140743)	1/28/2007 8:56:43 PM
From: 2MAR$	Read Replies (3) \| Respond to of 209892

Well shorts are still cautious feeling the stings in this latest market on some but you could have just had a GTC order in for AMGN for the short there 25c under $77 and got filled ;-) But for the ones shorts really killed lately like SYNA....and NTRI that got crushed on friday too ... was resolutely buying that dip on NTRI friday (not so much on SYNA till later ) knowing many lucky shorts would be covering at the former Aug /sept gap support @ $54.50/$55 area . NTRI bounced right off there to retake $59 at one point ,then went short for another scalp. But that dead cat bounce was really one of those trades thats pretty satisfying having missed the short this go around . ( had shorted NTRI before with great success) (SYNA did the same thing bouncing off $25.50 area and sept gap high support and retook $28 briefly ) NTRI , shorts had their eyes on that $54.50 area too for the cover , an upside down shooting star ! ;-)