Dr., I damn near went short VTS (an oil service company) this morning, as the technical evidence was insurmountable. (I had already bailed out of a long position.) But with a split, excellent earnings, earnings growth, and a low P/E, I decided it made more sense to just wait for the right opportunity to go long. But, short term, the short would have worked.
Same deal with AOL, in the reverse. The technical evidence that it would go up, at least short term, was insurmountable. (Yea, yea, I wanted to short on Friday - things change. :) ) But better to wait for the right time to short it. |
