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Strategies & Market Trends : InvestRight - Short Term Trading St

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To: mike mulhearn who wrote (603)12/2/1998 1:35:00 PM
From: Jeffrey L. Henken  Read Replies (1) of 939
 
Hi Mike I hope you got out with a tremendous profit in NAVR. I think the internet stocks actually may have topped out last Friday. Although they could still be hot on a day to day basis. The announcement of online sales of just about anything is going to still produce rallies I am fairly certain we have seen the last of the day after day climbs. Obviously I could be wrong as I have often been about so many things but with general trends are not usually the case.

ACTC made a nice move today based on their announcement of future sales on the internet. While I am not personally going to do this I am willing to open my big mouth and predict that a short on this stock as of about 45 minutes to the close today will produce a nice gain by the close tomorrow. Here is their news:

biz.yahoo.com

Lets see how it goes shall we?

Regards, Jeff
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