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 started this subject	7/8/2001 12:19:22 PM
From: Michail Shadkin	of 6873

My formula for finding exit points on pump and dumps This is a repost from about 5 weeks ago for those that missed it. There is easy money and there is the hard money. Lets use TIVO as an example. they moved from 5 to 12 and clearly topped out at 11.50 on friday all day. thats 7 points (I never count any initial gaps) easy money on the initial retrace is about 35% of the move in bull markets and 50-60% in bear markets. In TIVO's case thats 7 times .35, which is 2.45 meaning just above 9.00 in bull markets In a bear market like now, 7 times .50, which is 3.50 meaning exit is close to 8.00 I was more patient with them to low 7s, because they are so poor fundamentally. Initial retrace should be over now, slight bounce for 1-2 days. the hard money is the secondary fuller retrace, usually 75-80%. I personally prefer the easy money approach and move on. I hate fighting long battles, unless the direction of the overall market is very clear. I love hit and run traderpulse.com Michail

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