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Strategies & Market Trends : Waiting for the big Kahuna

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To: Joan Osland Graffius who wrote (9743)	11/15/1997 12:35:00 PM
From: Bonnie Bear	Read Replies (2) of 94695

Joan: short-covering: even if you don't own any, it may be useful for you to look at the tortured churnings of BEARX. Tice has shorted a portfolio of really desperate losers, I stick with him because it's easier for me to handle the churning through a mutual fund, I can take the risk, I like (hate) his picks, and the gain potential is bright. nearly all of his stocks were up sharply, and it's disproportionate to any of the indexes. stockmaster.com There's a repeatable pattern here. There's a runup which is likely a short-covering rally of 5-10%, a few day drift, then a substantial correction. Note how much different this looks than the Mar-april correction. Tice's portfolio has dismal prospects and lots of downside potential so you might want to use this as an index for short-covering activity.

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