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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: molemania who wrote (2150)	1/21/1999 8:22:00 AM
From: Rande Is	Read Replies (2) \| Respond to of 57584

Dave, we are talking about Number Nine [NINE]. I said I believed it would close the day between 3 and 4. Expected by daytraders to go to 9 yesterday. Had trouble breaking 4 tho. This morning it could still open higher and see 5 or 6 and on the odd chance that Wall Street or CNBC picks it up. . .could still reach 9 in the AM. . .with enough momentum . . .and the moon right. . .and the stars in alignment, etc. But what I was trying to get across was that the initial and subsequent moves of NINE were by daytraders irc. So my guess is that they will sell shortly after the closing bell if there is not sufficient volume in the stock. If there is they will wait for volume to drop, then they will sell. The point is not when. The point is that they sell together often triggering panic sells on the way back down. And when they are pretty sure the balloon has reached it's peak, they start short selling the stock. Sometimes they will still have long positions when they start short selling. Either way the price is driven down, often more aggressively than it was bid up. And that is where and why I see it at 2's today. 2.75 is what I would predict. And that is fine if you bought last month at 1.50, or if you sold at the top. And that is also why I would not chase it past 2.75 yesterday. My response time and equipment is not nearly fast enough to daytrade with the pros. My Number Nine video card is working just fine. . . .not seeing them in the stores anymore, tho. . . and even hard to find in the Computer Shopper magazines. Rande Is