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


To: Dave Shares who wrote (14837)5/28/1999 7:50:00 AM
From: Dave Shares  Respond to of 43080
 
DRIV

Message 9778349

This read looks like it was wrong, as stock made a nice
gain yesterday. DRIV now has possibly established support at the $20
level.

It will be interesting to see if some of the lows made in this
sector are revisited. I'm somewhat bearish (which the rest of
you could probably use to go long and make tons <g>) for the short
term, and would look for a re-test of the lows and holding the level of the previous low, which would set up a double bottom. The action in AOL and YHOO yesterday did not impress me in the area of sector
leadership.

But that is more of a position trading/investment view in light
of recent volatility, and many here are doing just fine on the
day trades, so as always, take what I say with a grain of salt, and
I'm sure some go right against me and make a bundle <g>.

David