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To: H James Morris who wrote (32074)1/1/1999 1:07:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
I too closed the lid and lost 1k in the process, but yesterday was difficult. To many things
going on to try to get a feeling on how it would close.


James,

I did read that and felt badly for you.

My strategy for the next few weeks, assuming I get the volatility I want is to look for
downward pressure on Ebay and watch the 'Thing' very closely. I don't have a clue on
how the investors will react to the split.


I have no clue either but left it unboxed. It makes me a bit uneasy until Monday. However, if it gaps down, I will participate. The reverse will occur too.

Enjoy the games.

Glenn



To: H James Morris who wrote (32074)1/1/1999 2:09:00 PM
From: jach  Read Replies (1) | Respond to of 164684
 
<many things going on to try to get a feeling on how it would close>

bigcharts.com

Based on the chart, imo, will be very surprised to see anyone can figure out what's going to happen the next few minutes as to the pattern of the movement.

Some points to think about if one is doing minute-trading:

1. The range typically is between 10 to 30 depending on the overall market activity. So, 10$ is a good bet here.

2. Take half of that range, that is 5$. So, if one gets 5$ profit either way (long or short) it's time to get out.