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Strategies & Market Trends : Lizard King's Trading Swamp
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To: Joseph Beltran who wrote (46)7/9/1997 6:55:00 PM
From: LzzrdKing   of 7396
 
I don't even have to look at the chart. YHOO is putting in new highs on volume. It also has a huge short interest. I don't fight those things. There is a squeeze going on. When I look for a short, I look for a sign of weakness. Right now I don't see one. An example of a sign of weakness would be a close below a major moving avg, or a reversal day on big volume, with a close at the low of the day. I would not touch YHOO here. When everyone thinks a stock has to go lower, invariably it goes higher. Did you sell MCSY?
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