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Biotech / Medical : ONXX
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To: Elmer who wrote (496)8/5/2000 9:20:04 AM
From: Paul Kern  Read Replies (1) of 810
 
There are all kinds of trading styles. There are shorts who trade for quarters and halves, shorts who cover at the end of every day often pushing a stock up a little after 3:45, shorts who won't hold over the weekend and shorts who just sit on a stock that they think will drop no-matter-what excluding a takeover offer.

Also, most shorts in one stock are long in another. It depends of where we see a stock going and I often alternate in the same stock in different situations.

Story stocks that make huge gains on huge volume with the day traders selling stock to each other, usually re-trace 50-60 per cent pretty quickly and slowly continue down to near where they started so I'm looking for something around 14 in the near term. At any sign of another run-up, I switch and go long.

Paul
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