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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades
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To: BILL G. who wrote (474)6/3/2001 10:49:01 PM
From: lee kramer  Read Replies (2) of 1227
 
PQUE is a dangerous short. But...it's run an awful lot beyond the rising 20 period moving average. It may move far higher, but even the best looking charts suffer pullbacks. Look too at the action on Friday. If you choose to short it, short a few hundred shares and of course, get the stop in; 9.08 might be appropriate...but keep an eye on the spread. I sense there'll be some profit taking soon. A week or two from now...who knows.
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