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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: AlienTech who wrote (14572)5/19/1999 2:57:00 PM
From: Andrew B. Nelson  Read Replies (1) | Respond to of 43080
 
NETA AT-- I believe you follow this closely. Am trying to find out the reason for today's action but with no luck anywhere. Do you know why the high volume? TIA Andy



To: AlienTech who wrote (14572)5/20/1999 2:01:00 AM
From: Jenna  Read Replies (1) | Respond to of 43080
 
UNFY just couldn't resist.. first time off the thread but the UNFY and that reference to the URL intrigued me as I happen to be on my second run with UNFY as an earnings play.

techstocks.com

We entered UNFY on May 12 at 14 1/2.. I called the sell on 17th, day BEFORE earnings came out after I saw the gap up in the morning 18 1/2 to 18 3/4 (UNFY's 52 week high).. It was time for profit taking. As I suspected, it sold off after earnings, the 18th and even more on the 19th.

Everyone makes mistakes and lord knows we don't call them all correctly either we can call a buy trigger that fizzles, but the basics here are flawed. The stock was a buy EVEN BEFORE we called it and by 17.. it was overextended after a long runup by anyone's estimation.


DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
5/19/1999 15 1/2 17 3/4 17 15/16 15 3/16 1,464,600
5/18/1999 16 3/4 17 5/8 17 3/4 15 7/8 444,200
5/17/1999 17 7/16 18 1/2 18 3/4 17 1/8 1,071,600
5/14/1999 17 3/8 16 1/4 17 5/8 15 5/8 819,500
5/13/1999 16 1/4 14 7/8 16 7/16 14 5/8 534,000
5/12/1999 14 3/4 13 7/8 15 13 1/8 254,600