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Strategies & Market Trends : Shorts waiting to happen

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From: Cadaver5/20/1996 6:01:00 AM
   of 852
 
MASX looks like a beaut. Unfortunately the intraday lombard doesnt show me more than half the graph. Looks like the big boys have got hold of it. Opening at a gap, closing 23% higher and on a Friday to boot...all the signs are there. The big boys will unload it at around 10:30-11:00 or whenever they feel all the small guys have bitten.

However, the big volume is only on Friday, so there is a slight possibility of the price holding till Tuesday. But correct it will.
I find that cheaper stocks jump higher percentagewise. More expensive stocks are much more stable...I guess the reasons are obvious. So MASX should correct today.

BARR looks like it'll correct too, but low priced stocks are difficult to predict. As are those with low volume. This is because a small number of traders can push it up or bring it down.

But 5 - 6 may be a safe point to short BARR. It should correct sooner or later. Most likeley sooner.

It's 6:00am ET as I write this. Hope you have a chance to read it before the market opens.

Good Luck
Cadaver
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