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Strategies & Market Trends : Breakout picks...BEFORE they Breakout!!
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To: David Cecil who wrote (1087)9/7/2000 12:03:32 AM
From: P314159d  Read Replies (1) of 1110
 
How does a short squeeze preclude the definition of a breakout?

I think the two are intricately linked. short squeeze starts the breakout. CMGI is such an example, CMRC is doing the first phase breakout but still failed the 70 area (give it the next cycle).

DCLk did one phase also. For a heads up watch the DSL sector as it puts in a new base, that breakout will be huge in the next few months.

I like CMGI to retrace a bit, but I have kept my 34 shares and sold some calls.
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