Chip, in the weeks before earnings, it seems that CREAF follow
quite a fair bit on Nasdaq up and down movements, but since the
earnings last Tues, despite the large fall on DOW & NAZ, we didn't
see much downward movement on CREAF. If you have followed CREAF
enough besides looking at charts, it is quite a clear signal that
it is gonna shoot up, and pretty soon !
You seem so SURE that it is a good short, and even more so from
your arguments with the others here. But Jon and many others have
in much details saying otherwise and yet you kept prattling about
your TA stuff but refused to say WHAT YOU SAW ON YOUR CHARTS !!
I am from Singapore and have been trading Creative 50 since
2 years ago and have read and benifited much from SI since I
stumbled upon it last FEB. I am quite familiar with CREAF movements
by now that when there is a series of large drop I make my entry
quickly, especially so when Stochastic JUST indicate an oversold
condition and make a sell during a run-up when the RSI hit the
sell line. I am not an expert on TA, but I based my trading on these
TA indicators and I am saying here that I expect CREAF to have
more upward movements from what I saw from the charts.
Enlighten us for goodness sake. Telling us you're shorting
and not saying why ??? There's no need for you to wish good luck
to us, because I am sure you are the one needing it. I don't know
what size of positions you have on CREAF, but as of now I have
15000 Creative 50 and have ever traded up to 70000 last May
when I sold with a tremendous profit, all the shares bought from
NOV 96 (less than US7.00) to end April 97.
I have always chased Creative shares during downward movements,
but never buy when it moves up. Likewise if I am in USA, I will
NEVER short this stock, ESPECIALLY NOW !!!
Tell us what you saw that in our bullishness we didn't, otherwise
I think you are just bluffing. It's not that you don't have the
right to short, but you are here getting everyone's nerves saying
CREAF is a good short candidate but yet refusing to explain why so. |
