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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sandra who wrote (8174)	8/28/1998 4:44:00 PM
From: James Wright	Read Replies (1) of 29382

Anybody short ANLT? Down 2 1/8 for the day. It closed yesterday on an uptick, so you could have placed a short sell order before this morning's open. This may be morbid, but YEE HA! WAVO and DSET continue to drop, as does QWST. YEE HA again! If the market wants to tank, I figure why fight it when you can join it with stocks that are on a steady down trend (as opposed to a sudden drop caused by general market conditions) and have broken below support levels. In the last two weeks, my regular portfolio (as opposed to my SEP-IRA, which is down) is up 40% by applying this criteria and shorting stocks. Please understand that I'm not saying this to boast, but simply to point out a potentially successful way to play this market. On the long front, THNK began to recover today and NMGC hit then bounced off its support level as did SIRN. All three may be good buys at these levels but need careful monitoring. -- Jim

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