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

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To: Susan G who wrote (71206)11/12/1999 4:06:00 PM
From: Jenna  Read Replies (1) of 120523
 
Susan COVD has had so much institutional buying but the stock hardly moved. It reminds me of VIGN, VERT and TUTS.. They lagged for a while then exploded also. What I like about these early morning selloffs is that I can get the stock I just recently had long. It gives you a 'better' feel if you've seen and tracked its large advance like FFIV in the past few days.. Even LBRT I would have shorted if I wasn't already involved in others. Even CNQR was obvious.. Because I like to short those that are up TREMENDOUSLY in 1-4 consecutive trading sessions because the exhaustion (albeit temporary) sets in and they cave for a day only to continue up after the pressure was out. CNQR and FFIV were really up quite a lot IN a SHORT PERIOD OF TIME.

Separate that from a stock like QCOM which has been a consistent performer for 52 weeks.. That's why the SDLI short was only 2 points, because SDLI is a steady climber over a long period and doesn't have the incredible spurts that a LBRT, CNQR or even PROX might have. You can then short them when they seem to settle down and consolidate only to fall even more.

That's why I'm not that impressed with shorters who 'say' they shorted at the high. You are supposed to short when the stock shows signs of leveling off before another drop.. If you short at the high you are not assured the stock is in the throes of a runaway upward explosion.. its only when the stock stops, hesitates, moves a little sideways then you short as it breaks DOWN from the consolidation.

We need to short the 'spikers' like AGIL which some of you got a ton of profit from.. But in a much shorter time period than a BOBJ or a MSTR. Those you play differently. You don't bother to short, but you wait for them to get into a 'bullish flag' type of formation or drop into the low end of a very tight trading channel and then you go LONG on the very first ascent after a small dip. Stocks like BOBJ, MSTR, JDSU are virtually unshortable but stocks like JNIC, AGIL, CNQR are.. Its not that simple but that's a thumbnail theory.
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