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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: majormember who wrote (2862)	9/5/1998 2:39:00 AM
From: majormember	Read Replies (1) \| Respond to of 59879

Short Covering to close out position. Learnt this today: As I was watching FP down over 4 pts. around 3:20 Fri., Big Grin, as my puts were increasing in value....I noticed slowly but shortly the price coming back off day low of 18 5/8 to close at 20. A respectable 3 pt. down no shorter would argue with....At first I thought, "Oh No, it's going back up again." NOT......only shorts covering their position for long weekend. BTW... I have recently been posting my Short's or Put's which is *O.T.* for thread. Am trying to think both ways in this market...if Mark wishes I shall take my shorts to another cleaner<g>. Skane