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Re: immitt post# 2815

Friday, 08/11/2006 10:02:31 AM

Friday, August 11, 2006 10:02:31 AM

Post# of 55250
.10 is, IMO, buying opp. Much as people hate to hear it, we need to trade sideways for a lil while, to let the shorts cover. Once they've covered, WWEN will be much healthier, and have much less pressure holding it down.

I've never shorted before, so I could be wrong, but it seems to me shorts can see bottoms alot easier than longs can see tops.

Assuming I am correct, once shorts see the Longs won't let the pps go down any further, they will seriously consider covering, rather than risk being caught in a squeeze.

It only makes sense. Just as we search for a top to sell at, they search for a bottom, and exit promptly.


L~



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