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Re: The Grabber post# 8033

Friday, 04/25/2003 1:47:49 PM

Friday, April 25, 2003 1:47:49 PM

Post# of 47153
>...Never try to catch a falling knife I am speaking from
> experience (scars on my hands).

Very funny!

No, I agree. As I see it though and speaking from a TA point of view this has all the earmarks of a classic blow off. If played by using AIM (or DDCA) it could be a great play even if it goes down a little farther. From a long term perspective, in 3 years SNE has gone from $125 to $24 and if you had started at $125 with AIM you would be hurtin' pretty bad. Starting AIM on it now would be a far better bet. Just look at the I-Wave and you can see my logic. The market could go down for a short period here so SNE might not rally right away but clearly, this one is overdone.
I see it as institutional selling and they are very often wrong!


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