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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Tai Jin who wrote (3621)9/12/1999 5:36:00 AM
From: Bilow  Read Replies (3) of 18137
 
Hi Tai Jin; Re shorting something still going up. Your post caught a lot of responses from people who felt that no trader would add to a losing position, and that this would be contrary to good trading practice.

In defense of your technique, here is an example of one of SI's greatest gurus, Zeev Hed, suggesting the same thing. The post is in regard to shorting MU, by the way, for fundamental reasons:

tippet: I think somewhere between 110 and 115 -- I agree completely. It will be a wonderful short/put oppty anywhere above 110 ... ( #reply-11223636 )

Zeev Hed: Tippet, your estimate is as good as any. I would start a little at $95 and in earnest at $105 ( #reply-11223951 )

There is no doubt in my mind that Zeev is truly a phenomenally good trader. The guy is amazing for long term moves, particularly. He bases his trades on combinations of fundamental and technical analysis, and I would suggest that anyone wishing to learn more about the stock market, peoplemark him.

-- Carl
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