By now we all know ,, how this stock behaves,,
Intra day swings are 5 points,, on strong days ,, it gaps open and sells off,, and on weak days ,, it gets dumped ,, and gets picked up .. and either way ,, it stays in 1 point range from 11 AM to near 2:30 PM until the market direction becomes clear ,,
As any one trading will know ,, internet stocks follow dow chart very closely ,, by watching LCOS and GCTY at same time with other net stocks like YHOO and XCIT ,, you will see a pattern emerging ..
At the close is the problem ,, are we going to have a bad day or a good day tomorrow ... that you have to rely on the news hitting,, earnings,, market sound bites,,
One way I found that protects you either way ,, and keep making money is ,, maintain your reasonable based longs but also ,, short the unusual strengths ,, by ratio of 1/4 ,, this way ,, even if your longs suffer ,, you benefit the short positions,, makes you feel better ,,
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