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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Jan Crawley who wrote (31814)10/3/2000 12:18:56 PM
From: adcpres  Read Replies (2) of 42787
 
Jan, if you want to catch the BIG one shorting, you need to go with something with more volatility than SUNW to increase your chances. Of course it can kill you if you are wrong -- lots of stress. Near the close on Thursday when you pointed out SUNW for a possible short I went ahead and shorted it along with CIEN, ITWO, EMLX. Today the shorts are closed out for the following gains:

SUNW 123-5/16 down to 112 = 11-5/16
ITWO 192-3/8 down to 154 = 38-3/8
CIEN 130 down to 112 = 18
EMLX 130-15/16 down to 111 = 19-15/16

However, no shorting today for me. I am going deep into LONG territory looking for the mid afternoon rally after FED announces around 2:15 or so.

Good luck. GH
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