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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?


To: E. M. Edds who wrote (5579)2/12/1999 12:41:00 PM
From: Andrew G.  Read Replies (3) | Respond to of 11130
 
A@P will probably start the negative vibes as soon as he gets wind of it. <VBG>

Anything that goes vertical is a luscious short for him.

I challenged him (in a gentlemanly fashion of course) when DBCC was around $30 (pre-MKTW ipo) saying that it had more left in it's run because of additional press and pending news. He was heavily shorting at the time and I no sooner posted to him when a PR came out sending it higher. Just like traders that get overly enthusiastic about how high their stock will go, shorts get overly enthusiastic about how low it will drop.

FNHC will no doubt need to put out more PR next week to promote their websites and I expect more roller-coaster volatility next week. But volume will be heavy in any case.

good luck to all.