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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: uclatrader who wrote (20700)4/29/1999 4:53:00 PM
From: Judy  Read Replies (1) | Respond to of 42787
 
Hi shuo, do you keep shorting these stocks for the thrill?? Double up at the bottom instead if you want a thrill. Did they price the secondary on abov or was the secondary issued today?



To: uclatrader who wrote (20700)4/30/1999 3:18:00 PM
From: Robert Graham  Read Replies (1) | Respond to of 42787
 
This morning INSP was looking weak along with the NASDAQ market. Now it is starting to break down. The intraday flag pattern that showed up after the follow through on the gap up no longer exists. I hope you took some profits off of the table this morning. If not perhaps now would be a good time.

Is INSP currently being driven by a news event? What type of trade is this: for a few days or longer?

I thought the market would choose a direction by 1:30 PM. Tentatively it chose down. Now coming up on 3:00 PM it is continuing in this direction. Some stocks that I follow have already closed their gap and then some and are in the "mud" right now on a intraday basis. The others which have been holding up well through the day are no starting to break down. INTC was one of the earlier holdouts to begin to close its gap.

Lets look for an intraday bounce which should happen soon, I think by about 3:30 PM. We shall see. Otherwise, this market will continue down. Some of the popular Internet secondaries appear to be capable of a bounce. But not much to bank on here from what I can see.

Bob Graham