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To: Grashopper who wrote (6601)6/19/1998 12:03:00 AM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 10786
 
Strictly using "logic", I'd say selling is more likely to begat more selling than buying will cause additional buying in the current atmosphere. So, if I were a short I'd start early and try to take out some stop orders. With ALYD, it seems by late morning we've seen either the high or low of the day. If it's a low, the price always seems to rebound and vice versa, although the net result recently has been a small loss for the day.

As for seeing 11.25, wow, that's quite low, but anything is possible, especially if the market is down tomorrow.

- Jeff