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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: P.T.Burnem who wrote (23300)8/5/1998 2:36:00 PM
From: James F. Hopkins  Read Replies (2) | Respond to of 94695
 
I'v changed my mind about bottom fishing, still to soon,
not enough buyers yet. And looks like the S/MMs are still
distributing what every they pick up on the dips.
More downside is likely but the market is hard to short
at this point. The only way you can do a short sale with
all the down ticks is at market, or it gets passed over,
and even at market you won't get it until the S/MMs
let you in, which will for sure be lower than they are.
Outsiders can't short no where near the high of the day
when there are so many down ticks.
Jim