SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : StarNet (SNMM) The Short and Long of it

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Roofman who wrote (15)3/16/1999 9:25:00 AM
From: Jack Turner   of 26
 
Rule #1 regards shorting - Never get caught short after a breakout!

What is a breakout? When a stock closes on short covering and clears its all time high closing 5% above the old high and also at the high of the day. That breakout is likely to be gap next day on the up side.

SNMM just broke out and will gap today. Now the only question is how far to the next correction? I do not know, I am just glad to be on the right side.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext