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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Smartypts who wrote (4751)	11/21/2000 12:00:09 AM
From: velociraptor_	Respond to of 37746

Thanks for the BKS chart...already short at 26 3/4. Momentum slowed considerably today and the stochastics are in overbought territory getting ready to cross over for a sell signal. Nothing but a silly upgrade driving this one. Target price was 30 in 12 months....hmmm, looks like they want to hit it in a few days. Tons of large blocks went off including a number of them on the sell side. No doubt someone was selling into the upgrade. I am beginning to really dislike these brokers and their scamming of the public with upgrades and downgrades. Velo tip of the day....watch for stock upgrades...usually on the 3rd day or so you can short them as they fall back on selling, but never short them any earlier than late in day 2 following the upgrade. ********** One other not regarding this topic....lots of downgrades today in the tech sector too. My take is that there was some shaking going on. While my Nasdaq target is 2250, look for a short term bottom to occur as the brokers start filling up on the lower prices from the shake.