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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Ryan Mak who wrote (102696)6/16/2000 3:56:00 PM
From: Jenna  Read Replies (3) of 120523
 
ELNT.. sure the three bearish candlesticks in a row on 15 minute chart after ELNT was in a consolidation mode for much of the session. Of course the minute I shorted, the fourth candelstick was bullish, but ELNT can't be timed exactly because the spread is too large to put in a market order. KEI and ELNT are not easy to short but the gamble is worth it. KEI was down from 74 to 59 on Wednesday and I couldn't get any short shares. Nor could I get any short shares of QCOM on Wednesday either. I did however get a 4 point short in ELNT on Wednesday then a 4 7/16 point gain from Thursday and Friday after I covered the short.
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