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

To: Jay Lyons who wrote (4777)12/22/1998 2:50:00 PM
From: LTK007  Respond to of 43080
 
LOL! I was in at 16.25 and out at 24.87--thinking wasn't I smart:)--
we can not underestimate what happens when naked shorters get caught---from what I have been reading,this is what is happening--
when the stock went to 22&1/2 the MMs naked short the stock--the stock price fell back and was leveling at 17 and then something happens--maybe a mention on CNBC or traders that know how to flush shorts--and stock starts upticking--and at about 20 the shorts start
a frantic covering---when I sold at 24.875 I thought I was making a rational decision--LOL! Max90



To: Jay Lyons who wrote (4777)12/22/1998 2:56:00 PM
From: EaglePutt  Read Replies (1) | Respond to of 43080
 
IMAL, is this a good entry point?
Looks like several large buys at 25 or so but I am not sure. The float must be very small.
Thanks



To: Jay Lyons who wrote (4777)12/22/1998 7:56:00 PM
From: Dave Shares  Read Replies (4) | Respond to of 43080
 
IMAL

Well, I hope some of you had fun. I did too, at a holiday luncheon.
Guess it wasn't the best day to be out to lunch. Oh well.

David


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