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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject5/16/2001 9:44:04 PM
From: stevenallen  Read Replies (1) of 6873
 
I'm sure you noted FCEL's run up over 80. I presently have no position in it and thought this might be a good time to pick it up short. It certainly appears way overvalued, but the relatively strong volume late today made me hesitate. Let me know what you think if you get a chance - with the wild ride the market took today I'm sure you're as busy as can be.
PS - Even with the big move today I still think your take on the general direction of the market will be proven out. I can't believe the bottom is firmly in place yet, not with all the poor earnings and murky visibility out there.
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