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 wrote (1475)	6/2/2001 3:57:28 PM
From: ~digs	of 6873

Thank you both Michail and Cobra for your response re ANST. I like to short some of these stocks that are near their highs and mostly play the 'trend reversal' game based on technicals. I've found that tight stops are crucial when using this strategy. "When you're wrong, you're wrong," I like to say. If the stock in question has decent fundamentals than I'll be sure to have covered when/if it returns to its uptrend line. Often I'll reverse and go long at that point. For instance, I am currently short TARO from ~69 with hopes to cover at or near the 40 period daily ema (~54 and rising). Now that's a lofty target percentage wise so since the company appears to be doing well fundamentally I will probably take partial profits on the way down. On the other hand, if the stock goes back up I have a stop at my entry point and will exit the trade for scratch in search of another decent risk/reward scenario. Hear are some other stocks near their highs for the thread's consideration: <in no particular order> KMX sells used cars THQI ATVI MGAM video game makers EPIQ makes software to help facilitate bankruptcy filings WMS SHFL ALLY MNTG gambling related RCII rental goods HRB tax preparation professionals BWS shoe company QFAB makes fabric DME UCBH financial stocks, if you think financials will crumble, these are good plays imo GENZ biotech ESCM medical equipment IDPH PDLI PPDI pharma CEFT EFDS facilitate electronic transactions The weekly charts are very strong on all these... but most of them look 'toppy', meaning they are due for a pullback because there's no price support, IMO.

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