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Strategies & Market Trends : SPARKY'S CORNER

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To: Gary K. Best who wrote (3595)9/3/1998 12:57:00 PM
From: James Wright  Read Replies (2) of 4142
 
Here's what I've been doing to short stocks -- look for high or no PE stocks that have been on a steady down trend since the mid-July highs. Then short them when they break below their current support level. They may retest support (which then becomes resistance and offers some protection against having to cover at a higher price), but in this market odds are they soon will continue to drop.

Anyway, its been working so far for me.

Any ideas out there for short candidates using these criteria? I may be covering my current short holdings soon to take profits, and will need to find some more dogs to short.

-- Jim
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