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

To: Mark Johnson who wrote (3278)	7/16/2000 2:07:07 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 30051

P&F chart for VLNC looks bullish xocharts.com They don't seem to generate any revenues from sales yet, but as of a month ago they had a huge short interest and the volume charts look like there is still a decent short position out there. For trading purposes, VLNC probably not a great short and likely a good candidate for a short squeeze. biz.yahoo.com I would be a seller of VLNC in the mid 30s. Traders and chart readers look at stocks differently than investors. You can be right in the long term with your views on a stock based on fundamentals at the same time that someone with opposing views can be right, in the short term, with the exact opposite views. If I am short a stock, generally it has nothing to do with the fundamentals. All that I care about is if the stock is going down. I don't care why. If my short position goes against me, I get out of the trade at preset levels. Trader/chart readers are often wrong, but if they are any good, they don't stay wrong for very long.