Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 692.27

+0.3%

Jan 15 4:00 PM EST

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To: Suresh who wrote (20305)	3/19/1999 9:26:00 AM
From: Clint E.	Read Replies (1) of 69795

Hi Suresh, I do agree that these numbers don't call for a celebration. However, BTB won't be reviewed as negatively as you think because most people expect a recovery to begin by the end of Q2/early Q3. Also, nobody expects to see numbers, month after month and q after q, above $1B like back in 96. What this means, is more wait & see for these stocks which translates into more price consolidation. So, shorts and long should both prosper. If you want to short them, they should be short-able, once they move ~5% from current levels. Clint

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