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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Thomas M. who wrote (16986)7/6/1998 3:20:00 PM
From: Clint E.  Respond to of 69762
 
Thomas, I just think I saw the "signal" from MMs that they are ready to reverse some of these net stocks no matter how much momentum guys are willing to buy.

We'll see.

Clint



To: Thomas M. who wrote (16986)7/6/1998 5:50:00 PM
From: Clint E.  Respond to of 69762
 
Thomas, just wanted to add that I have never seen anything like the price action in the net stocks in my entire trading/investing life. There is no comparison to the rallies in PRST, ZITL, OCCF...

Although I expect DOW & NAZ to continue to rally, the action in the net stocks bother me.

Check out the action in YHZGO, YHZGP, and YHZJL.

I have to dig up my YHOO's options printout from last qtr. and compare its deep-in-the-money OI prior to earnings.

Clint