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Strategies & Market Trends : Shorts waiting to happen

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To: Jim Roof who wrote (254)	7/15/1996 4:40:00 AM
From: Elliot Fabric	of 852

USLD. The H&S looks in tact. My short is close to 37 with an objective of 30. My mental stop changes each day. It is at the resistance line formed by the three peaks. Shorting Intel may well be an error or at least premature. INTC is still one of the flight-to-safety stocks. The H&S is valid. I would prefer shorting a company with lesser strength and fundamentals. I am keeping a tight mental stop on this one. I am not going to sell covered puts on the open but I have thought about it. Sometimes it pays to keep it simple. SYSF is perfect. Thanks for the heads up. Waiting for the stall sounds right. Much better downside potential and much less a brand name stock than Intel. Hmmmm... JLGI - short at 25 and the stock still looks strong in the 23-24 zone. WSTL is my shining star. I had been vascillating between covering in here or waiting several weeks/month longer for another five points. The fast money has been made. Cadaver, I just saw your post. These shorts are hedging other longer term, high tech investments, Compaq in particular, where my basis is in the twos.

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