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Strategies & Market Trends : SHorting Stocks: Education/strategies/techniques

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To: Early Bird who wrote (38)	3/11/1997 8:50:00 AM
From: Ulrich Santo	of 99

Buy Stop is dangerous. Look at VVUS. The share traded around $69 when it broke resistence at $70 at 3pm the price rose to $78 in 1 hour to the closing. I believe this was a major short squeeze and many shorts with a Buy Stop at $70 or $70 1/2 got executed. 2 Weeks later the shares have dropped back to $60. Ulrich

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