Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Sabrejet who wrote (40516)	6/6/1999 3:00:00 AM
From: Lee Lichterman III	Read Replies (1) of 94695

The issue I shorted is near it's high. It showed amazing strength throughout this selloff but my system gave a short signal 2 days ago and I missed the trade by 1/4 point or 5 minutes. It fell 10% then bounced back up Friday. I shorted it at the close as I believe that the chances of it at least having to form a double bottom, or that it may be falling late in relation to the others because money is moving out taking earlier gains to buy the beaten down stocks that are now on sale. You may be right but I show a mixed market that cango either way and I have found I make more money being short than long most of the time. Especially when this rally was on light volume and only on selective issues. Good Luck, Lee

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