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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Johndee who wrote (8568)	9/15/1998 8:47:00 AM
From: Herm	Read Replies (3) \| Respond to of 14162

Ahhhh, you are the blip on the screen! I guess the forum generated the entire 52 TNSI OCT 17 1/s contracts yesterday. TNSI will gap at the open today sucking in new money! Those MMs and funds should begin the shorting by pumping up the TNSI stock with up ticks to lock in the highest price and then "fading out" with zig zags this after noon as the shorting weight starts to take it's toll by all the liquidity created by the short sales. Watch the live action at quote.com The shorting pattern appears to be small bait chumming with 500 shares at 1/4 or 1/2 point above the last price (GREEN LINE) to generate the up tick followed by large blocks of stock at the up tick price (WHITE LINE). When the dust clears! TIMBER! Dive, Dive, Dive! The unknown for most investors is the selling done by CEOs! Hey, I would not be surprise to learn later next month that Friday's massive volume of over 900,000 shares was due in part to the dumping of CEO shares at this profit level. That would be a bonaza for them! The stock has more downside potential at these levels than upside! Funds and MMs need a winner in this terrible bear downturn.