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To: Timelord who wrote (86964)2/12/2001 11:45:50 PM
From: Razorbak  Read Replies (2) | Respond to of 95453
 
Short Candidates

<<< Short RIG @ 50 >>>

Gutsy call, Alex. Spoken like a true general! <gg>

IMO, however, you may be a little early from a T/A perspective. Commodity Channel, MACD, Stochastics, and Wilder RSI are getting close to rolling over, but haven't done so yet. Meanwhile, Momentum just flashed a buy signal.

FGH, on the other hand, is probably a higher risk short due to its low price, but the T/A indicators are more favorable. Commodity Channel, MACD, Stochastics, and Wilder RSI have all flashed sell signals in the last week, and Momentum is about to roll in a day or two.

HEC is a little behind FGH, but ahead of RIG in terms of timing. So far, only Stochastics and Wilder RSI have flashed sell signals, but Commodity Channel, MACD, and Momentum are all close to rolling.

FWIW, I'm still mostly bullish, with large positions in EEE, LOILY, SMOP, PGO, and OXY, but I'm hedging my portfolio with some prudent short positions.

O/T - I bought more CSCO on Friday before the close. Tech is becoming a major component of my portfolio for the first time in a long while.

Good luck to both of us.

Razor