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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Henry P who wrote (4069)1/22/1998 10:05:00 PM
From: TATRADER  Read Replies (1) of 7396
 
Henry, the neckline on SCTC is at 40.00...Always safe to short near neckline..My target on this one is 30.00 a share.....I see some support at 37.50 and 35.00-35.50....The pros should do some short covering in those areas...If I was going to nab this one, I would be patient and wait for the pros to do their short covering madness, and then try to short near 40.00 on retracement to neckline....Good pick, Henry, keep them coming...I am learning to wait for stocks to come to my target areas, if they do not, there are other fish in sea....Mark
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