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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Larry Brubaker who wrote (2124)6/4/2000 2:20:00 PM
From: Paul A  Read Replies (1) | Respond to of 30051
 
:) my 100 share shorts are hard to pass thru without causing a shift in momentum, so I usually break it up into pieces of 10 at a time :)

I would bet that IRF was weak because it has been a safe place to be during all the turmoil and than the huge runup and retest of the high people just took profits. I ended up not even shorting since everything just seemed to dig in and hold on Friday, so I decided to wait until Monday before initiating any shorts. Id like to try IRF long one more time if I can get it around 41-42, and than just set a stop at 38 or so. Id like to think all the appreciation and volume last week was for a reason, no?

Im pretty upset that I got out of SNDK after making 2 points in the 40s.. ouch.. but dare I even mention on the SNDK thread that there are serious questions about production problems, which are specific to SNDK.. maybe a real small short there JUST in case..

My favorite short STMP has my attention again, but this time from the long side.. anyone brave enough to agree with that???