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Strategies & Market Trends : Dave Gore's Trades That Make Sense
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To: acuransx_2000 who wrote (6723)5/5/2002 10:10:17 PM
From: mishedlo  Read Replies (1) of 16631
 
ESST is 40% short.
My belief on these thing is simple:

The short are always correct in the end when you see something like this. Does not mean it cant bounce but chart looks very poor and that combined with short interest looks ominous.

Reminds me of SSTI when it was 21 - earnings looked great and I could not figure out how shoch growthy was getting hammered.

I suspect that ESST growth is a mirage or has ended or there is some other fundamental problem we do not see now.

M
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