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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Clint E. who wrote (18618)11/30/1998 11:45:00 PM
From: xcr600  Read Replies (1) | Respond to of 69344
 
Clint, your thoughts on today? Healthy profit taking or the beginning of a bear trap?

Thanks



To: Clint E. who wrote (18618)12/1/1998 8:14:00 AM
From: Iris Shih  Respond to of 69344
 
Clint,

Don't feel bad. Everyone makes some stupid moves from time to time. I do, too. I find out one of mytrading rules works out pretty well for me so far this year. That is selling into big, big gap rally without hesitation. When I saw they opened up eggs at 40 yesterday morning, I knew I had to take profits.

This is old news, but it still matters to people on margins.
Margin Requirements Being Raised...

The U.S. Clearing Corp is raising margin requirements on 70 of the hottest internet stocks...
You may need 70% equity to margin some stocks... Others may go off margin completely...
This is to cool down the current internet speculation based only on momentum... The
internet sector should take a big hit...

Don't think the nets would be drpressed too long since two more net ipos coming up this week: ubid & ticketmaster.

IRis