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Strategies & Market Trends : Shorts waiting to happen
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To: Yo Eleven who wrote (219)7/11/1996 7:08:00 PM
From: dppl   of 852
 
Hello,

I bought puts on ASTF today - 2 1/2 August 25. The stock came back a little at the end.

Sold INTC at 71 then bought back at 69 1/2, ready to sell again on pop back.

Yes: If Intc breaks here then the whole NASDAQ is heading for 1050, which means a lot of your favorite stocks down another 5%.

Shorts everywhere, but I still like: USLD (although communications are "in"); VTSS (chart falling apart unless major rally next few days, and even ASND (same problem unless it can keep above 60.

MU and LSI: Yes, I really would have liked to give them a kick, since they gave me a kick earlier this year... but my God how low can LSI go? I can imagine MU going to 10, but LSI is a pretty good company, even now...

good luck to all

dppl
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