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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (873)10/21/1998 4:09:00 PM
From: Cathedra  Read Replies (1) | Respond to of 927
 
The strong finish of the market scares me, and so does the fact that MSPG won't close below its opening price of $34 1/8. I will take a hard look at MSPG when (if?) it reaches $32. Maybe I will cover and go long then. <g>



To: Wayners who wrote (873)10/22/1998 10:17:00 AM
From: Cathedra  Respond to of 927
 
I came into work late and missed a golden opportunity to short MSPG when it gapped up to open at $35 7/16. I am still mindful of your warning, but I do think it will go down to $32, and shorting at $35 7/16 would have been a low-risk proposition. Now I have to tell my boss I'll try to come to work earlier!