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Strategies & Market Trends : Shorts waiting to happen

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To: Cadaver who wrote (246)7/15/1996 2:12:00 PM
From: dppl   of 852
 
Hello Cadaver,

Agree all the way, except, hey, the train already left... (except for IOMG maybe)

Got clear of INTC at 71. Ready for 63.

I did short SYSF in the end, this morning, having decided that Friday WAS the rally. Bought 20 Put options in the money. Interestingly, today the stock gapped down from 36 to 34 1/2 on what seems to be a mere 10K sale. Looks vulnerable to 25 now, what do you think?

With USRX: this doesn't look like a filling flag (one opinion I've heard). If not, when shorting at 70 (if we can get back there) what would be a target? 64? USRX earnings are out next week.

By the way, even good earnings don't seem to matter much these days...

ASND and SHVA: would you wait for a rally or is that rally now improbable, which would suggest an immediate short?

thanks and good luck to you!

dppl
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