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Strategies & Market Trends : Shorts waiting to happen

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To: Yo Eleven who wrote (16)	5/18/1996 12:27:00 PM
From: Cadaver	of 852

The best time to cover is when the volume drops amd remains there for a couple of days or the price falls to half the run-up. Example: ZE 8 to 24+...say you shorted at 24. Run up = 24-8= 16 Cover at 8+(16/2)=16 A good way to do this is to put a good til canceled order at 16 and if the volume gets dull, cancel the order and cover it at whatever is the price. This is because we dont want to be caught in the next wave as new buyers decide this is a base and hence a good entry point and buy more. However, when a stock rises 200% and falls, the stock is usually calm for quite some time since new buyers would be very cautious. If you want to short NINE at 15, 10.25 might be a good point to cover. Although once the volume falls, you have no choice but cover before the new buyers rush in. Cadaver

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