VISX Message Board - Msg: 8195089

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Biotech / Medical : VISX

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To: CHIP HUNTER who wrote (879)	3/7/1999 5:57:00 PM
From: Kevin G	Read Replies (1) of 1754

If you looked at the chart you should have gone long... The chart is not breaking down... If fact this stock is breaking out! So, why try and guess a top?? It's a losing game. I shorted YHOO in Jan. for less than a week for a 60 point run because the chart was breaking down. If it now moves up as the market charges toward 10,000, and then starts to break down again, I will go short again.(and have a pretty good chance of being right again) If YHOO does not break down, but instead starts breaking new highs, then there is "NO WAY IN HELL" I would take a short position against the trend. This is basic stuff and it works... You seem to be playing with fire when it comes to VISX. You have completely disregarded the danger of shorting a runaway stock. For your sake, I hope it doesn't cost you everything like those stuck shorting AMGN in the early 1990's. Good luck, -Kevin G

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