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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Jimbo Cobb who wrote (3044)	10/7/1998 5:27:00 PM
From: MARK BARGER	Read Replies (1) \| Respond to of 7247

I agree, there will definitely be some fun trading on Thursday on the internuts. I tried to short AMZN today but Brown and Co. wouldn't allow it, so XCIT had to do. It will be interesting to see if they all sell off on the news or take it as a reason to maintain P/E's of 100+. You could tell they were looking for a reason to tank today. Every time the Dow moved down 20 pts. XCIT dropped 1 pt. But, when the Dow bounced up 20 pts. XCIT barely budged up 1/4, then it became apparent that the Dow was not in a mood to make any northerly headway at all today. Now tomorrow is a new ball game, no telling if the futures will be up 20 or down 20 tonight. Mark