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To: Sarmad Y. Hermiz who wrote (43624)	3/3/1999 10:41:00 AM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

When you have time, please explain in more detail. This is a nut-shell, I will post more later. This is according to the FIFO method, first in first out. On a normal and reasonably good nets day, then, Days traders push retail buyers push short covering...then the first in will sell to be the first out (on daily basis). On a down day, then day-traders energizing short sellers, scare retail longs and then the first "sold" or "short" will cover after a $5 to $10 drops.... I like to use the $10 rule, it does not alway hit, but if it does, then my "reward" is greater than my "risk". It is "hit me if you want to" strategy, a passive strategy.