DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who wrote (10671)	11/21/2000 12:19:25 PM
From: Spytrdr	Read Replies (1) of 18137

yes, me too. this is a recent position trade of mine. been shorting it since $ 170. upgrades and strong buy reiterations by analysts were coming each and every day around $ 160-170... ($ 40 billion market cap) spytrdr.com spytrdr.com there was a similar obvious setup on the VRSN chart, a big, obvious and very bearish evening star on september 29 at $ 210 (price today: $ 96). i think identifying and trading these OBVIOUS setups as multi-day (even multi-month) position trades is better than daytrading. there's always one of these obvious formations somewhere at any given time. ___ <<I have always considered upgrades/downgrades to be either worthless, or a good contrarian signal. Thanks again for the link/chart. I'll be interested to see any others you come up with.>>

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