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To: g_m10 who wrote (6636)8/11/1998 9:34:00 PM
From: Longterminvest  Read Replies (1) | Respond to of 8545
 
>> Your advise smells bad.

I will bat a you, its going lower from the open, if we are not delayed..

>>Everybody knows, to sell at the open is the shortest way to
get taken to the cleaners.

who everybody??? people like you?

i am not advising anyone, i'm just expressing my opinion..There is no ill purpose intended. Besides, your trades will be like pee*ing in the ocean, its not going to change the level.

I am speculating that the markets will go down further tomorrow, if that happens we will slide from the opening levels and if the markets look like they are turning around, people will still dump this sucker since there are many bargains out there. In both cases, you lose.

good luck

kalpesh



To: g_m10 who wrote (6636)8/11/1998 11:43:00 PM
From: jinx  Read Replies (2) | Respond to of 8545
 
I've seen a number of times after a bad earnings announcement that the price at the open is the highest all day. I don't know what the percentage of time that is, but...

Anyone else have an opinion on this strategy?


Your advise smells bad. Everybody knows, to sell at the open is the shortest way to get taken to the cleaners. After reading your last posts, it looks to me that you are doing them with the certain purpose.