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To: Trader X who wrote (12108)2/13/1998 5:00:00 PM
From: Tech Master  Respond to of 17305
 
Kevin-

>>>Dealing with failure... ALYD <<<

Let me see if I can put some ideas on the table to sort out the tanking on ALYD....

A holiday week.... unlikely that any press releases would come from the company. The shorts hit the stock a little each day to protect against a coming PR.

Today- they waited until lunchtime and then came after the stock... no holds barred. Lets see.... Friday.... holiday.... light volume all week.... ATTACK!

The heavier volume... I was buying with "my boys"....

You can't always look at "your charts" and understand that we just witnessed a coordinated "stock tank"....

I considered this week an opportunity.... I posted last Friday on the ALYD thread that this was coming.... now you saw it....

Tech Master

P.S. let the games begin....



To: Trader X who wrote (12108)2/17/1998 11:12:00 AM
From: SE  Respond to of 17305
 
Talk about dealing with failure....PESC. Should have been a solid bottom formation. Good buy at the 21 level on the way down from 23 - 23.5. Seem to hold up on the support line nicely and then BOOM....forget about it. High volume, much lower stock and stopped out. Shit. Bad trade. They are announcing earnings tomorrow...my guess is that they are not good based on the stock action the last few days.

-Scott

PS - I would not classify ALYD as a failure...yet. It is holding support and should bounce from here.