ZORAN jpeg/dvd moguls Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ZORAN jpeg/dvd moguls

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SIer formerly known as Joe B. who wrote (1282)	6/24/1998 2:26:00 PM
From: Pullin-GS	Read Replies (1) of 1486

Personally, I'd never short anything for 3 points of downside that can and has gone up 50% in a week. The week aint over yet. ;-) And let me add that each time it has gone up 50%, it has dropped the same amount by almost a factor of 2. Money in the bank. Anyway thats the best kind of short. The recipe for success: 1)Find a weak stock stuck in a downtrend (ZRAN) 2)Wait for some hype news (ZRAN+INTC, ZRAN+MSFT, MSFT retraction) 3)let it run at least 30% for two days on lemming-hype-buying. 4)Wait for a hesitation in price...preferably at previous resistance. Let the stock churn there for a spell and pull back, and short at resistance on next run after an early shake-out of the smart-money-long-traders. 5)Set smart stops....always set stops....and be on top of it all the time...especially the first few days after it peaks. 6)Hold for a short period and rake in the bucks. 7)Put the bleeding dog-stock on your watch list for future news releases to catch ride up....and of course ride it back down.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next