xcr, re: YHOO, LCOS
Trading Internet stocks is really like gambling.
For quick trading I think more the second-tier co.s like DCLK, EGGS, or KLB, all of them I missed today. But my only bigger-sized short here, ELNK shed 5 points which is not bad (it has lost yesterday $5 already). Sure it's difficult to get the local high of a stock, but the breadth of the internuts today signalized the quick turn into the reds, from one stock to the next. Problem is, that it is that time-consuming to watch it all the time.
It seems to be the same as the last time in July: suddenly, the buyers are gone. This was nice to see in MSPG, or XCIT again after they set a new intraday high.
My guess is, for shorts the worst is over and the selling just began. Internuts will head much lower the next 2 weeks.
C. |
