Pump's daily trading recs, emphasis on short selling Message Board

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

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To: mishedlo who wrote (2201)	6/14/2001 11:54:00 PM
From: Michail Shadkin	Read Replies (3) of 6873

Mishedlo - I find no fault in your views of the market and EMLX. I also believe NAZ should retest the lows before mid october. My purchase of EMLX is a very short term play with a stop at 30, but I do like the company and its prospects. I will not sit here and watch it tick down as the NAZ is in a freefall. I think on a very short term basis, NAZ is oversold and due for a small bounce before breaking 2000 and staying there. I bought EMLX today for several reasons: They got upgraded with talk of improved visibility. This would under normal conditions make the stock extremely strong all day, especially on any NAZ upside. I was able to buy in premarket at very close to yesterdays closing price as the NAZ was opening way down. My intraday target was 37-38 I was hopeful, that after tame PPI and reasonable jobless claims #, the market would rally later in the day. This did not happen and I was wrong. The NAZ caved in instead and EMLX finally fell with it. My big mistake was getting greedy and not taking my profit, and also not using a stop loss. This error will be corrected tomorrow as stop loss is at 30.00 traderpulse.com Michail

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