Short Sale Candidates - using Stan Weinstein method Message Board

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Strategies & Market Trends : Short Sale Candidates - using Stan Weinstein method

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To: Bocor who wrote (30)	5/6/2002 11:01:52 PM
From: GREGG M. AKIN	Read Replies (1) of 44

Bocor, I'm sure its very possibly this market gets an oversold rally - and likely as soon as this week. My comment is regarding IBM only, not the market. IBM has broken down through tons of support, including post 9/11 lows.I'm not one to flip in and out of my shorts alot. Once i take a stock short its for the intermediate to long term (1 to 6 months).I'll likely move my stops down tomorrow to protect my gains on the short. Its nice to finally see the Semiconductor Index (SOX) finally taking a beating. And the biotechs too. I've been hoping for a washout like this. I dont think we can get a sustainable rally again until investors really throw in the towell on these indexes. Gregg

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