SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Autumn Henry who wrote (66978)10/19/1999 10:47:00 PM
From: Jenna  Read Replies (1) of 120523
 
PHCM Exactly what I meant when I said it was not comfortable to short. It was too low and fell too much to short. If I were an excellent shorter I would have shorted when I sold my long position but its psychological, the market was rallying sharply and I saw other long opportunities that seemed less risky and infinitely cheaper. But I am learning now how to 'turn the chart around' and short when the stock is falling off its 'overbought' position but PHCM is not a stock to practice on.

A comfortable shorting trigger would depend on the 1, 5 or 10 minute chart (with an eye to the 45 or 60 minute chart).. The best times to short is not when the stock is tanking of course. It is when it has broken above the higher trend line and making its way down. On the other hand a breakdown of stock through support (going down) can be a free fall and also a good shorting opportunity (EXTR today)..but you need an uptick.. But a stock like PHCM that was basically languishing (or like the professionals like to say consolidating or in a trading range) is not good for either buying long or short. Its only when its made its move to go into an uptrend or breakdown that it becomes attractive. PHCM became attractive as it broke down through support but because of the volatility of PHCM always had ample upticks to enable to short... This for me was at the latter portion of the trading day.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News