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Strategies & Market Trends : gary smith shorts and longs

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To: backman who wrote (328)	2/3/1999 12:34:00 PM
From: drsvelte	Read Replies (1) of 430

David & Fort: SCI was my top short too, although I didn't take it as I was not able to be at my computer. I guess I don't have the nonchalance of GBS to place an order and then forgetaboutit 'till a sell or stop is hit! Also liked NSIT and BBBY as shorts. Its encouraging to see that a number of us are coming to similar conclusions about specific stocks. Congratulaltions for my January trading may be a bit premature, as I still have a number of open positions -- some underwater! I don't know what to think about this market. The MDA and BK threads are filled with technicians calling for a return to the August and October lows. I don't know - the market's been there, done that. I admit that the internuts and some techs have been bid up to speculative heights but this represents just a very small total of the broader market. I just don't see a crash unless we have a cataclysmic event -- China devaluing, etc. What's the take from folks here?

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