Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: TATRADER who wrote (2591)	11/6/1997 12:38:00 AM
From: Andrew Hunter	Read Replies (2) of 7396

I succesfully short stocks that have had recent run-ups as soon as I see a weak moment. I never go for a lot though, just a point or two. Right now I've pulled the trigger on SBSE at 29 1/2. I'm watching KLIC MIND and CREAF for short term toppishness. Creaf probably won't hold over 27 1/2, So I'll probably try to short it there for 2 points. Usually I'm a CREAF long, but it seems to love trading in a range, and I think it's at the top of its current range. KLIC might go to 40, I don't know. MIND should weaken soon. Bargain hunting on ARS and SYCR might be alright. ARS is reporting on the 10th. I believe their book value is $9ish and they're trading at a 2 year low of $13 1/2. It could run up a bit before earnings (which I wouldn't hold through). If earnings are okay, it'll fly back up to the high teens. My current positions: WWW @ 21 7/8 -- weak today short SBSE @ 29 1/2 NMGC @ 15 1/4 ONSL @ 26, looking to exit soon, got my 2 pts. Good luck, all.

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