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Strategies & Market Trends : Action & Options- Taxikid plays -- Ignore unavailable to you. Want to Upgrade?


To: Druss who wrote (3341)1/14/1998 8:36:00 PM
From: taxikid  Respond to of 4339
 
i don't discount this news.. being astute.. in horse sense, anyway..
i know that ase denotes enzyme..
this stuff will be the future but not for gern, unless they get some coin from somewhere..
i think that this last run was crushed by short sellers,day traders and upward resistance by those who held and finally unloaded their shares.. the potential for a squeeze is high..
i think that it will fall dramatically tomorrow near the bell.. and then "gap" up..
the dow and other such stuff will definitely guide it's course.. and i am not betting on what the dow will do tomorrow..
avnt short, creaf long and cash to play with if something interesting pops up.. i will leave the gern carcass to those interested in scavaging...
todays massive volume provided liquidity to ensure that this would be a technician's technical short wet dream..
i got drenched.. et tu?



To: Druss who wrote (3341)1/14/1998 8:55:00 PM
From: Blue On Black  Read Replies (2) | Respond to of 4339
 
Druss,
Let me do a little 'hick' TA. Funds ain't gonna touch it. All there is to it is a bunch of churn and the 'get rich quick' herd. After today, opening high and declining all day, I would say that the herd is as nervous as a cut dog in a meat house. When it breaks 20, I'll pop a sweat but not until then. JMHO, of course.
lee(the hick)

PS: I hope that I didn't lose you with the TA jargon<GG>.