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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades
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To: Jenna who wrote (902)6/11/2001 1:27:05 PM
From: Jenna   of 1227
 
Srengthening of shorts here BEAS, CIEN, RIMM, JNPR, HGSI, 1:30 gearing up for the 1:45 pre-2:00 session notice how HGSI, JNPR,CIEN, RIMM BEAS will drop right here to the downside of doldrum consolidation. The acceleration of the domininant trend should occur by 1:45 until then shorts are still 'treading water' and by 2:00 it will be sink or swim for them and I'm still looking at a drop but will wait for any further downside by 1:50. If not, I'd cover the remainder of shorts but I doubt if we will recover.

At this time I hold a portion of the short position and might either add to the position (of which 75% was already covered for profits) or cover the remainder. Still not even thinking of going long on large cap techs. I don't look for scalps but *I did get a good cheap price for the ADBE 45 call options, waited for the gap to fill
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