Craig,
I couldn't agree more. I wouldn't try a short on YHOO right now because the momentum is too strong. After reviewing my data base yesterday I came up with a list of shorts candidates that ARE good in my opinion. They are BA, COL, CSCO, CYMI, SRA, HET, IFF, IFS, KOSP, MCSY, UTX, and VISG. If anyone would like to comment on these picks I'd be glad to hear what they have to say.
As for the eventual decline of the market, it could be triggered by just about anything. We could wake up tomorrow and discover that the Saudi's have intiated an oil embargo against the US or a war could break out. Who knows? It's better to be positioned now than be caught by surprise latter when it is too late.
Hank |
