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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: mishedlo who wrote (90869)4/6/2001 11:28:00 AM
From: rolatzi   of 436258
 
UPS is a stock that is starting to bleed. It is breaking down below support at 53.1. It's 50dma and 200 200 dma have rolled over. It is forming a descending line of resistance (currently at 56). Fedex warned yesterday that its revenues are declining because of a slowdown in the economy. With general business conditions deteriorating we can expect shipping to decline as well. Finally there is a lockup that expires on May 1 releasing 109 million shares or 30% for sale. These shares were results of an IPO of Nov 99 with an offer price of 50.

SBUX continues to breakdown very nicely. BTW has anyone read that book titled something like "When Stocks
When Stocks Crash Nicely : The Finer Art of Short Selling by Kathryn F. Staley. It is out of print. Apparently she has a newer book titled, The Art of Short Selling. (thanks to Amazon, I was able to locate the titles and authors but buy locally and help my shorts in UPS). In the meantime, KREM has been up big following the expiration of its lockup. It was yet another example of sell the rumor buy the news. But perhaps it is time to reload the shorts. They should be easier to obtain with all of those new shares available.

I closed out my put on FNM a week or two ago for a loss. That sucker doesn'ts seem to want to break down. I established one with COF which hasn't really given enough yet.
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