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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: backman who wrote (11742)	2/3/1999 12:23:00 PM
From: Paul A	Respond to of 90042

err you mean the bid drying up right?? If I was to short something like JBOH I would wait until it did another ridiculous run, youll see the asks just vanishing and it will be real thin... rather than seeing alot of size say like 10 1/4 (1000), 10 5/16 (2000), 10 3/8 (2000), you would see 10 1/4 (1000, 10 1/2(10000), 10 7/8 1000), because this would imply to me that shorts/buyers are all buying at the ask, and the sellers have dried up, and the price is jumping so fast because of the imbalance.. this would be the best time to short because once the momentum stops youd never get an uptic. I may be way off on this but thats my take.. After you posted that I noticed JBOH jumped back up almost another point.. its so hard to get these stocks right.. PAIR is a great trade because its slow, its liquid, and pretty predictable. I see the bid building, and the market makers on the ask are all jumping around on PAIR so im thinking of getting back in below 11 1/2 for another trade. PAIR much better to trade than something like JBOH.. I did another buy at 8 on JBOH this morning and sold at 8 for -50 in commissions, but at the time- the screen was telling me to bail out because the bids dropped.. thats why I hate these momentum stocks because its just foolish.. but God.. the money..