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Strategies & Market Trends : Shorts waiting to happen

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To: Cadaver who wrote (515)8/10/1996 1:45:00 AM
From: Jim Roof   of 852
 
Cadaver,

Who ME? SARCASTIC? You bet!

On SYSF - I have been burned pretty good on paper here. Short at 19 and change with a 'sure' target of 12. Oh well. I have debated the use of stops but I'll be darned if I'm going to tip my hat on this one. Right now it's stuck on/at the right shoulder. I think you are absolutely right that short covering/squeeze is the primary impetus of this rally. Once the shorts are done then I hope that the legitimate long interest stays away. For the life of me I can't see going long on this.

Take care,

Jim
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