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: mishedlo who wrote (1963)	6/11/2001 1:28:01 AM
From: Michail Shadkin	Read Replies (2) of 6873

Mishedlo - Re: ALOY and volume Yes, friday was a very large volume day. I did not take a position on friday for this reason. I have been watching ALOY closely since their earnings release. First sign of decreasing volume is my trigger here and also the resistance at 13 as traders start taking their profits. I will be taking a position here monday or tuesday, it all depends on the trading of the stock. This will probably be a longer term position. I would not add at 15 here, probably 17-18 is more reasonable. Having a stop loss at 15.25 seems ok, but I probably wont use one if it come to that. I hate the business model. BTW, any PnD stock is going to have much larger volume during a significant run up. (dont forget traders come and they go) Key is to take your short position just below they run for the hills. traderpulse.com Michail

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