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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 subject6/14/2001 10:35:04 PM
From: Michail Shadkin   of 6873
 
Review of current holdings:

BSML short
very poor fundamentals
target 6s
no stop
will add 9.50
longer term position

BVEW long
long term play 6-9 months
starting to get really tired of watching this one trade.
I actually might add to my current 1/2 position, still debating.
I hate averaging down and almost never do.

CWON - short
longer term short, might be a zero.
will add 8.50-9.00
no stop

DLIA short
another pos
added to my position at 6.98 today
Target is $4.00
will add at 9.00
no stops here
medium term position
tons of strength again after early dump

EMLX long
nice long to hedge a bunch of shorts
very NAZ dependant
target 38-40
probable stop at 30
Valuation is a bit rich, but the sector is strong with lots of promise for this company.
Visibility is improving.

GADZ long
forward pe under 8
holding medium term.
target 17s

HBIO - long
nice value oriented long play coming off large lockup last week.
nice support at high 7s
target 10s - 1-2 weeks
nice holding to balance some shorts

IDN short
what a pos this is!!!!!!!!!!!
target mid 6s
Next add at 13.00
longer term if needed here
no stops
Wow 2 down days in a row, hard to break AMEX stocks sometimes.

MFNX short
Its either me or them, one of us will run out of cash:-)
see you all at ZERO
the dump continued today, what a pos
would love to add at 6.50

MRVC - long
value play based on LMNE spinoff this summer
very short term target 11 or might just short LMNE on any pump to hedge the position and exploit the possible arbitrage.
stop loss will play by ear.

NMTC short
fundamentals shaky
target 20s, could easily warn in 2-3 weeks
will add at 25
stop at 25.75 which is resistance more or less
short term trade

RSTO short
gigantic run from 1.50 to 7.00 over 5 weeks.
time for a major retrace
target 4.00
no stop
will add near 8.00
being a bid stubborn here

SONE short
what a pos this is.
2 month ago I covered this at 5 from the 9s
First time back since then
no stop for now
add 15.50 to 16.00
target 12.00 short term, but I might make it a long term position.
just not sure yet, play it by ear.
Been in a beautiful uptrend for quite some time.

TIVO boxed and neutral
what a pump and dump this was, a classic.
should be out of cash before yearend
gigantic loses

WGAT - short
ugly fundamentals
the dump started today.
add 7.25-7.50
target 4s
no stops


I am back to being net long again (3 to 2).
Being long always makes me nervous. lol

Make sure you allocate well on your shorts.
If you are adding to existing short positions, please use larger % intervals (25% or so)
Show lots of patience on potential new positions.

Nasdaq has had lots of trouble between 2250-2300 level, nice resistance there.
A breakout of these level could take the NAZ to the 2500-2600 level.
It is starting to feel a lot like Feb and Mar again.
Warnings from all directions and NAZ is on the ski slopes.

Unlike 2 weeks ago, all news is now bad news.

Watch for July 17 as possibly a big reversal day.
Summer rally ran out of steam around this date 3 straight years.

Buy the Champs and Short the Chumps

traderpulse.com;
Michail
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