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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: fedhead who wrote (116012)8/8/2001 10:03:57 AM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
<<What do you think of ACF and BBY as shorts ?>>

I like 'em, but as Luc says, ACF in particular is tricky. Still, they're not responding well to putting out "blowout" earnings yesterday, and maybe their time is at hand. I'd keep a stop on 'em at the all time high (65 or so). I'd take a 1/2 position on 'em now and another half if the hit 63 1/2 or so. You may get stopped, but the potential payoff is big on this one.

The easy way to play BBY is to wait until it breaks below the 50 dy moving average before you short, thereby avoiding any time- and money-consuming bounces off of it.

The above are JMHO. Do your own due diligence, etc.

Regards

Patron
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