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Strategies & Market Trends : Shorts waiting to happen

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To: Greg Butcher who wrote (817)	11/21/1997 9:59:00 PM
From: Cadaver	Read Replies (2) of 852

The sharp rise has penentrated the 200 dma. This usually is a sign of turnaround. It may follow a cup and handle pattern and continue to rise... The 40% rise however gives a small chance of a mild selloff, likely to be temporary. This is the critical point that will decide where rmbs will go. If new investors rush in, buying what they perceive is cheaper price, rmbs is going up for a while. Else, it will drop and you can short sell it AFTER the drop actually happens. So dont rush in now. Patience is the virtue of the gods. -Cadaver

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