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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
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To: Techplayer who wrote (55290)10/5/2000 12:40:36 PM
From: Jorj X Mckie  Read Replies (1) of 63513
 
Looks to me like SCMR has found a bottom and is rebounding. It gave a pretty solid sell signal yesterday, but I would expect a bounce up to $113 or so and then a continuation down to the $70 area. If it prints $115 on the rebound, the sell signals will be negated, but I think that the PE will cause it to be smacked down on the next correction. In other words, great for a short term long trade, but overall, I consider it a good potential short after rallying a bit.
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