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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Poet who wrote (10050)2/25/1999 9:16:00 PM
From: J.S.  Read Replies (2) | Respond to of 56532
 
POET:TWMC

Sorry to hear about TWMC. Are you long overnight? I am short, only because I was not able to completely exit my position at the close.
Actually, I wanted to go long but gave up and ended up shorting at
13 15/16. Covered most at 13 13/16 after watching a 5/8 gain evaporate
twice. I think there will be opportunity for both of us to cover tomorrow. My guess ...gap up (might be modest and short-lived) followed by down trend.

Here is a link to my previous message about these types of stocks, FWIW, in case you didn't see it: Message 8005845
I think I will short tomorrow's version if I see the same pattern developing by 10:15 or so.

Good Luck,
Joe