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  • xi-man xi-man Jan 6, 1998 4:24 PM Flag

    What happened today

    "Can anyone explain what happened today without chanting the "AOL RULES" mantra. I am guessing it was speculators trying to scare us weenie short postions (note, that is not short-weenies."

    What happend today is the same that has been happening over the past few weeks, it is called distribution. ADI should be confirming new highs but it is not, classic distribution top. Watch out below.


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    • My guess was that the Paine Webber thing had something to do with the volatility, but I am not sure where we are headed from here. Hopefully it is down because I shorted @93$ today. Based on valuation I would guess that it is heading south, but this paine webber thing might send it up a bit.

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