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Strategies & Market Trends : Technical analysis for shorts & longs

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Nov 26 4:00 PM EST

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To: d. alexander who wrote (23266)	8/30/1999 10:46:00 PM
From: drsvelte	Read Replies (1) of 68378

Shorting Well, d., shorting is really no different than being long...you are just looking for signals "upside down." Actually, you can make quicker gains on the short side as stocks deflate more quickly than they inflate. But 1. One rule that I have learned the hard way is to not short stocks based upon "valuation." Last fall I was short YHOO at 115 or so. I thought it was incredibly overvalued, yet some were calling for a price of 350. It blew by 350. 2. If you can find companies that are broken or a fraud situation, they can be great shorts. I made a great deal of $$ shorting ZITL and ZONA.. actually covered my ZONA short about a year ago at 13, yet it it has really crashed since FDA approval failures. 3. If you are a technical trader, use your indicators to identify potential shorts. I look for break downs of a congestion pattern on above average volume.

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