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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (37955)4/26/2003 5:45:21 PM
From: GREENLAW4-7  Read Replies (1) of 57110
 
J, As many folks are hedging thier bets here w. long trades, I'm scared crapless to hold any long over night. I also must admit after the last several weeks I felt the same about shorts.

I noticed hardly any of the big caps even budged down last 3 days which has me scratching my head if we are not going to retest last week high. That being said, I am far from going long and also staying quick on my feet w. current shorts. Friday was first day I kept many shorts started in the morning.

I like the OSX here for a short, believing inventories are finally beginning to build and I know Demand is weak the next several months. My favorite 3 OSX shorts are SII, BJS and PTEN.

I know SII and BJS are practically at 52week highs and so is PTEN which tells me upside is minimal at best.

I also like a lot of these POS BTK's that have floated to the surface like any CRAP does at the end of a speculative bubble. Too many to mention, but I did sleep w, several shorts that have recently broken UP above 200 DMA.

In BTK land, MA to me are irrelevent.

The one sector that did reverse down is REATIL. My favorite short COST is acting better then many others.

I did scalp T, and TEO at the tops wendsday.

have a great weekend, and I have to admit the last 7 weeks have been a FREAKEN HORROR show .
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