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Non-Tech : Nanotech Stocks to Watch
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To: StockJock-e who started this subject1/19/2004 9:51:55 AM
From: StockJock-e  Read Replies (1) of 1411
 
Take a look at ACO which owns Nanocor as an example typical hyperbolic run and pull back. ACO ran from $5 to $20... overpriced? sure... so it pulled back to $13. Thats still a lot higher than $5.

Then from $13 it ran to $25, and now its pulling back to $19.

So while the stock does pull back from the highs, each low is higher than the previous. If one can time the highs, then shorting is a great trade, but anybody caught on the wrong side of the momentum will end up in trouble.
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