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


To: mishedlo who wrote (4387)8/16/2000 10:51:52 AM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
My advice to you on this is do not short strong patterns, short broken stocks on rebounds, right now, AMZN at $40 is a much better short than PMCS. Of course, you got to determine for yourself if shorting here is wise, I do not see a really deep retrenchment, may be 200 naz points or so, but if that retrenchment comes, AMZN is safer, IMHO.

Zeev