Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: ynot who wrote (56003)	8/16/1999 3:06:00 PM
From: Jenna	Read Replies (2) of 120523

Short Fallacies... LNET, PHCM.BCRX, CUST.Anyone trying for a short again. I think to try again. A word on CUST and BCRX..If anyone noticed CUST was up 15% in the last 3 trading sessions.. BCRX was up about 20% in the last 2 and I didn't follow even further back but I saw the chart. The shorters have lost a lot on CUST, BCRX if they were gung ho and hung on. They did not short at the right time yet they insist they were correct. Well they weren't. I was wrong and my PHCM short and I can readily admit it, but why these 'gung ho' shorters that are seeing these stocks surge still think they are doing the right thing holding a short 'through its surge upwards' is beyond me. I have no doubt we'll get our 10+ points on a PHCM short, but 'wait for the trade to come to you'.. Don't chase and short a stock because the companies.. fundamentals suck. I did a scan last night for the worst stock as far as fundamentals, very high debt no money, low current ratio, low inventory turnover, high interest rates should have killed this company. I came up with LNET.. look at the chart of this company. quote.yahoo.com I escaped my short in the morning, not comitting to anything but the technical trend. Don't get caught up in the 'short to the death' madness because others are holding and are nervous nellies. Short only when the trend and your charts call for it.. The really popular stocks like CUST and BCRX, (I'm not familiar with the last) but CUST is not going anywhere that quickly. It will be up and down just like the others. I saw SNDK surge more and I waited till the intraday chart sloped downward and shorted. I did the same with INSS.. If I had had more time I would have gotten PMCS puts, but I didn't..

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