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Investing/Strategies / Short Term Trading


Subject:  HOMS Date:  6/27/2001  1:53 AM
Author:  sonar69 Number:  6066 of 36748

As stated previously, I went short at $33.99. I have no stop on this one. Small relative position. May pop tomorrow morning. I will probably hold until $36 if I have to and may short more at this level. Very tight stops after that. Pretty good range $27 - $35. Strong resistance at about $35 - $36. I was hoping for a gap down in the morning but that will probably not happen. Was going down nicely at the end of the day then 1 min before close it went up about $ .30. This, I hope, is a medium term hold. Will buy back at $29 if not stopped out.

This may be the trade that finally beats into my head...stop trying to play the FED meetings. Doesnt work for me.
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