Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	6/13/2001 1:52:09 PM
From: Michail Shadkin	of 6873

PCLN - my thoughts on why I covered may 2 top was 7.79 jun 17 top was 8.14 in the middle lots of support at around 5 this is the cup pull back last couple days to 7.00 is the handle Now today the new move starts this looks like a classic cup and handle formation and if 8.14 is penetrated, it could fly to 10 on much larger volume. This in general is a very bullish formation. Volume confirmation happens on the breakout of 8.14 , probably not sooner. To me, based on the chart, it looks like a begging of a possible larger move up. I could be totally wrong here, but I covered to be safe. Just didnt think the risk/reward justified the short on the charts at this level traderpulse.com Michail

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