Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Cynic 2005 who wrote (1897)	7/3/1997 9:48:00 AM
From: Tom Trader	of 94695

Good morning, Mohan-- I have seen several of your postings and have been impressed with your observations. I agree that taking positions based SOLELY on momentum is not wise --unless one is a very nimble momentum player. But to take a position against strong momentum is suicidal. A classic example was ZITL--a stock that was insanely valued--but to go short when it was in the midst of its move would have been costly unless one has very deep pockets and the capacity to withstand a lot of pain. Much easier to wait until the stock turned and then go short -- even if not at the top. I am watching JBIL--and waiting for it to turn--to take a short position.

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