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Strategies & Market Trends : Short Sale Candidates - using Stan Weinstein method
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To: GREGG M. AKIN who wrote (29)5/6/2002 8:31:12 PM
From: Bocor  Read Replies (2) of 44
 
>>I'm thinking its bombs away now and longs scramble to get out of the stock. >>

funny, I am thinking we are close to a short term bottom. Too much pessimism out there, CRISCO can spin their numbers as well as anyone, Fed meeting can get spun positively,McClellan Oscillator making a higher low here, 5 day ARMS is too high for much of a drop, options expiration coming up next week....all reasons to be cautious entering short positions here. This is where they suck in the shorts, flip the market around and suck out all their money before another dip down. Seen it too many times!
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