AT &T Wireless After Hours Rally

Discussion in 'Trading' started by thetraderprofit, Jan 23, 2004.

  1. It's reported by Dow Jones and compiled into a box on my software. Thus, all of the imbalances are shown in one place.
     
    #11     Jan 24, 2004
  2. TOL

    TOL

    One thing for sure, the last place to find honest message. Lots of bashers.
     
    #12     Jan 24, 2004
  3. I was watching CNBC while Cramer & Co were talking about suitors for AWE. The real-time ticker showed some trades from +.07 to + .62 cents. Then it subsided.
     
    #13     Jan 24, 2004
  4. Thanks trader.net. I thought it happened before Cramer. If that's all it was, it probably will open down, not up. But, I can't believe
    there's not something else going on to drive the price up that much on hundreds of thousands of shares.


    Being a fatalist, I'm sure it will open at $30
     
    #14     Jan 24, 2004
  5. My goodness, I though you should long th stock. But it occurs odd to me that you have no problem with 14K shares of a $10 stock but complain about $8000 paper loss in a few hours. Anyhow, it may be a good idea to close the short before 8K exceeds 140K.




     
    #15     Jan 24, 2004
  6. When I start thinking like this it's time to take the loss. When I'm in a losing position but I'm "absolutely sure" about my position, I usually get handed my hat.

    Kev
     
    #16     Jan 24, 2004
  7. AT&T Wireless STARTED a formal auction process on Thursday. Cingular's NON-BINDING bid was already in the stock. It seems extremely unlikely a much higher bid would emerge 1 day into the auction process.

    This is my reason for saying I don't think it will open above $11.50.


    I am using reasoned judgment developed over 5 1/2 years of highly profitable trading.

    I do agree that when one is reduced to "hoping", one is likely to lose more. I am not anywhere near that stage.
    I simply think that covering in the post-market when there was no news was not the thing to do. I may indeed be proven wrong. I am up $48,500 this month, so I can fade a little heat.
     
    #17     Jan 24, 2004
  8. why you did not cover some AH

    @ 10.95-11 ?
     
    #18     Jan 24, 2004
  9. I don't like to lose. Now I may lose more. I'll take some anxiety medication and at least I won't have to worry about it till Monday
    cause there's nothing I can do now.

    By the way, what is AH?
     
    #19     Jan 24, 2004
  10. A lready
    H osed
     
    #20     Jan 24, 2004