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Strategies & Market Trends : Shorts waiting to happen

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To: Cadaver who wrote (177)	6/22/1996 1:41:00 PM
From: donald sew	of 852

I do not read the Cabot letter, picked it for the following reasons. 1) relative strength dropped (per IBD) 2) accumulation rating dropped (per IBD) 3) chart analysis I got in at on Monday (6/17) @ 70.5 and covered on (6/19) @ 63. On Friday JLGI shot back up. IF it crests below 76, in the 70-75 range, I will repeat and short it again. Understand from AOL financial chat room that institutions are starting to close their positions on this stock. Will check with my broker on Monday, if he is able to confirm such. If that is the case, JLGI will continue to fall, even in light of good earnings. As for target, I am more of a day-trader; ther4 I will determine when to get out on how it is trading daily. You mentioned that JLGI was mentioned in the Cabot letter, could you please expand. Thanks Donald

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