Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: TheSlowLane who wrote (11501)	9/10/1999 5:12:00 AM
From: George Mc Geary	Read Replies (1) of 12468

>> The WCII short sale was entered as the stochastic lines were curling out of the overbought region. however, in the case of WCII the stochastic lines migrated only half way down that indicator graph when they reversed and started heading back up again. when the lines reversed, that is the time to close out (or take profits in) a short sale. since WCII still exists on my list, it is a blown trade. positions short in stocks whose stochastic lines are doing a dance with the upper region of that indicator graph should be closed. so currently i'm 'looking to close'. part of this position was closed when the stochastic lines did indeed turn up. but still 1/2 of a position to go. strategy is to cover strength or cover weakness (ie, 'get out') unless the market backdrop deteriorates. currently, however, the market backdrop seems to be firming. << Above from ClearStation Guess they were a bit wrong to short WCII, we all knew it but some people think differently. If ClearStation is ready to buy back the shares there may be more following this movement and we may see a bit of a pop soon when they buy back their short shares.

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