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Strategies & Market Trends : Sharck Soup
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To: GREENLAW4-7 who wrote (17437)4/19/2001 9:08:38 PM
From: KM  Read Replies (1) of 37746
 
You could have bought it below 9 today and below 8 yesterday. Shorting that one isn't advisable because it's running on momentum, has showed no topping indications at all yet, made a higher high on this up cycle, and has a catalyst next week which will cause more short covering.

Overbought means nothing. It was oversold for months and months and is still oversold on a longer term basis.
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