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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (45892)	1/19/2001 3:08:51 PM
From: American Spirit	Read Replies (1) \| Respond to of 57584

Shorts in trouble. Yes Rande, on the YHOO boards you see a lot of desperate shorts bashing various hard-hit-but-recovering stocks. They shorted at the bottom then the stock pops back 20-30% and they're screwed. It will never go back down (probably) but they hang in three obstinately before they finally have to liquidate, and they themselves are liquidated. I got three margin calls in December (loading up and trying to hold until January) so I know what it's like. Pressure headaches! That's another reason why if you wait 1-2 days after a big dump (an unfairly punishing one) you can ride on the backs of the short coverings. Like with SCNT this morning or YHOO last week. AAPL also had a lot of shorts (now in the process of being cremated). They see lousy numbers so they think that's a great short. Little do they know it was all priced in (and more). So this is an excellent way of making money in today's market. That's why I always look first at the tech stocks which are way down. Usually a bottom downgrade or fear of bad earnings. Then pop-pop-pop within 2 days. Tell me if I'm wrong. Now what about SUNW? Watching. LOR is another one to watch (Gloabalstar story which caused embarrassed fudns to sell) and SCNT and ESHR are still cheap on negative stories which make no fundamental difference, just negative hype at or near the bottom.