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Strategies & Market Trends : Shorts waiting to happen

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To: Jeffrey Margolis who wrote (232)	7/14/1996 6:41:00 PM
From: Jim Roof	of 852

Jeffrey: Following many of the issues you mentioned and wanted to throw in my two pennies and a dime. I'm watching ASND too. It has consolidated in this area and I would wait for the lower trendline to be broken before taking a short position (Check AMTX's triangle after its big initial downside breakout - it just slid out, then down - this one was beautiful to watch and I was in some very lively discussions in the AMTX thread - fun to watch unfold). I personally want ASND to trade below 55, maybe even as low as 52 to confirm failure of the earnings-induced upside breakout. Check out SYSF. This one is right now #1 on my list. Looks just about perfect. I will sell on a rally to 40-41. Heck, I might just sell - the target here would be about 24-26. That's a chunk of change for what shouldn't take more than a few weeks. Also, SYSF thread is pretty much obvlivious to this. I spoke out there today but there isn't a lot of activity over there. I also hear that insiders are selling heavy. Jim

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