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Strategies & Market Trends : APMP (formerly APM)
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To: Alan Lee who wrote (9530)12/30/1997 4:11:00 PM
From: Wayners  Read Replies (1) of 13456
 
Today's pop in PSIX is what the patient short seller should look for. Many suckers out there will be thinking this is some kind of a reversal breakout. Don't believe it. Wait for the volume to die down, make sure the trend is still down and short it again. We've both seen ZITL do it twice in the last 3 to 4 weeks. I had real dollars short on ZITL. Didn't take any chances and covered at about $10.50. I'm just waiting for that next "reversal breakout". Seeya at the country club.
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