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Non-Tech : The Critical Investing Workshop

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To: Poet who wrote (34842)3/17/2001 6:47:46 PM
From: Don Pueblo  Read Replies (1) of 35685
 
That was some short covering on the day trades. We are right at that support level on the COMPX I spoke about some time ago.

My long-term short account is doing unbelievably well, up over 50% year to date on a total of 10 trades, the worst one was a break even on NVLS where I got shaken out and couldn't get back in at a good spot. Makes up a little for the long account, which has suffered because I went into CSCO too early and did not bail out of CMGI soon enough. Got back into CSCO at 18 5/8 and I will probably hold it no matter what.

And I have not counted two open short positions...I saw something on the RMBS chart on the 13th and shorted it at 36 1/8. Also shorted JPM (double hump sell signal) at 53 on Feb. 7th and added to that at 51 on March 8. I'll probably lighten or close out both on Monday or Tuesday.

I'm going to go long on dips now, with very tight stops. I may go long on RMBS. <G>

You know my method, you can see what should happen next week on the QQQ chart, eh?
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