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: farmersue who wrote (2860)	6/25/2001 9:40:56 PM
From: Michail Shadkin	Read Replies (2) of 6873

Farmersue - Blowoff top In general, I dont like shorting slow creepers at all when dealing with momentum uptrending stocks. I like the following scenario much better for them when looking for an entry: Stock rises steadily for numerous days, resulting in a slow breaking out. Then we get a 1 day very significant spike (blowoff top), which I would short at end of day. Majority of the time, the stock then retraces about 40% of the spike in the next day or 2 for what I call easy profits. Sometimes a lot more, but I am only looking for that quick retrace and to lock in gains. Michail

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