To: Fast Eddie who wrote (35244 ) 5/6/1999 10:52:00 PM From: 1-DAY-TRADER Read Replies (2) | Respond to of 122087
Eddie .. <NITE> will go down very very soon and we saw only a taste of it today .. The market will have no tolerance to such high high valuation as the Interest Rate Hike alone will send them tumbling .. Mark my words. The most important thing is to have no margin calls ... just sit and wait. the market makers trading it are very good manipulators, but NO ONE can stand in the face of a DOW JONES train heading south .. this play could make someone a millionair over night if he/she has the means to short and just watch his shorts making bundles of money .. The secret to NITE is watching the dow and predicting where it is heading ... when the dow goes up, the hike it sooo fast, you wont even feel it till its like 10 points up, and when the dow falls they bring it down soo fast, you cant get a good short order filled in the market, and by the time you short it its would be too late coz it is already too low foe that given minute, so you regret it and rush to covering it as they squeeze you till you buy at a very high price, after which, they drop it back down. the volatility of this stock is the proof that it does not really deserve this sky high valuation ... they are too scared of the dow and the shorts. The reason i am shorting it is because I know where the dow is ultimately going next week ..... down look back at last September market performace prior to lowering the rates :)) so, I got my shorts in and I am just watching it now, and i still kee[p shorting even more at all high spikes above 145, 150, 155, and 160 ... but i would never buy it long coz it could suddenly drop to 60 dollars as it did few weeks back :)) Good Luck Ed :))