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Strategies & Market Trends : Shorts waiting to happen

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To: Cadaver who wrote (204)7/1/1996 4:15:00 PM
From: Sabrejet   of 852
 
Cadaver,

There are a few issues that went up today that I think need a good look. I shorted CYRX again. This thing was at 21 when the bad news hit last week. Did people forget this company is getting hammered? It dropped down to 14 and has since moved up. 18 3/4 was a short term bargain on this one.

I think some people forget, the best time to buy is when the market corrects, NOT after it goes up like the last three trading days. What is this, 50 or so points on NASDAQ in the last four days or so. Let's see, that's around 230 dow points. Time to buy now??? Time to buy was five days ago.

I could be wrong!!!!

Rich
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