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


To: GREENLAW4-7 who wrote (17437)4/19/2001 8:43:35 PM
From: Jane4IceCream  Read Replies (1) | Respond to of 37746
 
I still have CORV. Have a long position tucked away and trade around it daily. Seems like most stocks are trading up to earnings this quarter so why go againest the flow.

I partially agree with you about the Nasdaq but what determines what is overbought espeically with the oversold or bear market we just experienced from 5000.

Who really knows whats next anyways thats why my favourite expression is follow the trend.

Who knows anything any more.

Except God and Anthony@Pacific.

Jane



To: GREENLAW4-7 who wrote (17437)4/19/2001 9:08:38 PM
From: KM  Read Replies (1) | Respond to of 37746
 
You could have bought it below 9 today and below 8 yesterday. Shorting that one isn't advisable because it's running on momentum, has showed no topping indications at all yet, made a higher high on this up cycle, and has a catalyst next week which will cause more short covering.

Overbought means nothing. It was oversold for months and months and is still oversold on a longer term basis.