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To: TREND1 who wrote (27431)1/30/1998 10:42:00 AM
From: Patrick Koehler  Respond to of 53903
 
Larry - Ouch! MU moves fast, and you have often mentioned that, but trading is always a gamble. I started nibbling on the upside, and bought 10 MUBF Feb 30 calls at 4 1/4, already at a nice profit. SHADOW has not given a buy signal yet, so I expect anything to happen. It is going to continue to be volatile.
Patrick



To: TREND1 who wrote (27431)1/30/1998 10:46:00 AM
From: TREND1  Read Replies (1) | Respond to of 53903
 
patrick and dave
Why am I still short ?

See the chart I have put on my web site for this discussion

geocities.com

(1) See the up channel from MU=22
(2) The probability is high that at the very least we are due
for test of this line. MU=31 1/2
(3) And if a correction is due ? Maybe a quick break of this trend
line MU could go down very quickly
(4) Finally, I must say, the best laid plans of mice and traders often go just plain wrong (g)
(5) Comments ?
Larry Dudash
PS: I already have a "buy stop" to cover short if I am wrong.