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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: C. Ed Slagle who wrote (2084)10/23/1998 12:54:00 PM
From: Mike Learner  Read Replies (1) | Respond to of 39683
 
Maybe, this analyst and his/her firm loaded with XRX! And, they need buyers while they do unloading! For example, today, analysts started with buying coverage on Semi's equipment! This comment signals SELL -- they pushed these stocks straight up and now it is unloading time!

Street savvy traders shorted these at peak today & covered with good profit. Look at NVLS's chart. The reason they covered quickly is that people (investors) are into these analyst's comments. These stocks are way over bought!

If you are in XRX long, Good Luck. For short term, good luck to us on XRX going lower, if you don't mind. I am short term trader.

Regards,

Mike Learner



To: C. Ed Slagle who wrote (2084)10/23/1998 2:06:00 PM
From: Caroline  Read Replies (2) | Respond to of 39683
 
Thanks. If I held the put for more than 2 weeks I'd be surprised.

I am personally in a state of no-brain-ness, so I didn't make the trade.

CB


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