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Strategies & Market Trends : Shorts waiting to happen

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To: zx who wrote (37)5/21/1996 12:04:00 PM
From: Cadaver   of 852
 
Graff:

It is highly dangerous to go against the trend or invest in a heavily shorted stock. But I admire your courage to go ahead and do what is best in your judgement.

It's a foregone conclusion that all mania stocks jump up after the split (ASND/USRX et al.) This usually continues to the next day. You could have waited till tomorrow, but that's ok. Tommorrow wont be a 5+ point jump. Expect it to correct on Thursday. I suggest you cover. Or put a stop buy at Thursday's close or a couple of points above.

Good Luck.
Cadaver
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