The New Economy and its Winners Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stockman_scott who wrote (11420)	5/8/2002 5:54:34 PM
From: techanalyst1	Read Replies (2) of 57684

Scott, vxn has been overbought for a couple of days. The indexes and stocks have been oversold too. I think I wrote that a couple times. Shorts always overstay their welcome.... why I have no idea. For most stocks, shorting is a trade, so why they don't cover when stocks are down big is beyond me. What I see: the stocks that were up big today were either very oversold (almost everything is in that category) or were the ones that held up the best and the ones with high short positions. I still don't think we'll break out to new highs and I still think that some stocks are going to see lower lows. To go higher we need followup buying and we need the sellers to quit selling into rallies. Who knows for sure if we'll get that? Not me... but it sure is nice to see my techs up so nicely today. TA

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next