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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?


To: TATRADER who wrote (5141)3/15/1998 10:45:00 AM
From: tdl4138  Read Replies (3) | Respond to of 7396
 
Hey Guys...beware of LGWX...

It has a tendency to do the opposite one would expect...
Volume has been building ...granted..and Friday was a spectacle..
Monday could just as easily see normal trading volume and a pull back to 12-12 1/2...

It's done it to me before...twice..

I took advantage of Fridays move and unloaded a position I had since after the last earnings announcement...when it jumped from 10 to 12 3/4 and then fell to the high 8's...like a rock

I thought I'd never see 11 1/4 again...13 1/2 looked great...
I won't jump back in unless it shows some staying power this time

Dave