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Strategies & Market Trends : Three Amigos Stock Thread

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To: lostmymoney who wrote (8228)8/31/1998 11:29:00 AM
From: James Wright  Read Replies (2) of 29382
 
The blood keeps spilling.

I just shorted more QWST -- with today's action it dipped below its prior YTD low of 27 7/8 and I was able to sell short on an up tick at 28 1/4. With a PE of 497 and estimated earnings of only 0.35 for next year, QWST has a long way to go before it hits bottom in the current market environment.

By the way, other recent shorts -- WAVO, DSET and ANLT -- still dropping on very strong down trends.

Other short candidates I am tracking are PRVL, PEGA, RCNC SNTC, NETG and RSTO. Unfortunately, I don't have enough money to go around for all of these stocks, but I thought someone else may be able to benefit from my research over the weekend.

-- Jim
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