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: Michail Shadkin who started this subject	6/25/2001 11:56:20 PM
From: Michail Shadkin	of 6873

Review of current holdings: BSML short very poor fundamentals target 6s no stop will add 10.00 resistance is at 10.25 longer term position BVEW long long term play 6-9 months starting to get really tired of watching this one trade. If it breaks 2, I will call it a day. CWON - short longer term short, might be a zero. will add 8.50-9.00 no stop finally the break started after S&P downgraded CWON debt much more downside to come DLIA short another pos Target is $4.00 will add at 9.00 no stops here medium term position IDN short what a pos this is!!!!!!!!!!! target mid 6s Next add at 13.00 longer term if needed here no stops This is one tough stock to break, I hate trading AMEX stocks. But just like every other pos, eventually the axe will fall. RSTO short gigantic run from 1.50 to 7.00 over 5 weeks. time for a major retrace target 4.00 no stop will add near 8.00 ALOY short poor fundamentals and ugly business plan (dependancy on teenagers is very unpredictable, but expectation levels are very high) Longer term position Target 8-9 will add around 15 no stop loss here WEBX short another fundamentally poor story longer term position target 14-15 to stops for now 30 is next major resistance level. CORV long medium term position I feel there is some value here, but a terrible sector. no stop here. will do something a bit different here: will add 1/4 position every 1/2 point down and sell 1/4 position every 1/2 point up want to try something a tad different here and see how it works out. target 5.00 on any optical bounce AEOS short very rich valuation for a retailer nice resistance at 40.00 short term position 1-3 days target low 37s stop at 40.50 CKCM long fundamentally questionable giant 32 million lockup last thursday, with significant pressure going in I expect pressure to subside stop at 7.75 target 10s (1-2 weeks) NETE short seem quite expensive at 75 PE tons of insider selling short term position target 25-26 stop 30.75 I am about 4 to 1 right now to the short side and 44% invested of cash (not margin). I do not want many new positions until FOMC decision, want to see what happens first. Patience is crucial, I never like forcing trades. Right now its the calm before the storm. Make sure you allocate well on your shorts. If you are adding to existing short positions, please use larger % intervals (25% or so) Show lots of patience on potential new positions. Nasdaq has had lots of trouble between 2250-2300 level, nice resistance there. A breakout of these level could take the NAZ to the 2500-2600 level. It is starting to feel a lot like Feb and Mar again. Giant warnings from all directions. Unlike 2 weeks ago, all news is now bad news. Also, very much like Feb and Mar, it seems like all rallies should be shorted. Watch for July 17 as possibly a big reversal day. Summer rally ran out of steam around this date 3 straight years. Buy the Champs and Short the Chumps traderpulse.com; Michail

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