DAYTRADING FUNDAMENTALS Real Time Stock Picks&l Message Board

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Strategies & Market Trends : DAYTRADING FUNDAMENTALS Real Time Stock Picks&l

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To: Eric P who started this subject	7/17/2000 3:13:47 PM
From: Eric P	Read Replies (1) of 871

I'm just getting back after a week of vacation and thought I'd post a stock I just shorted. I shorted PCLN at 39 3/16 as a swing trade. I think that the Nasdaq is a bit overbought and is due for a decline this week. PCLN is completing a short rally in the face of a longer term declining trend. It should be eager to follow the Nasdaq lower if the Nasdaq falters... Only time will tell, however. My stop will be above today's high of 40 3/4. I will continue shorting more if the stock can break below 39 before the close. Good luck all, -Eric

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