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


To: William B. Kohn who wrote (15142)4/29/2001 7:16:36 AM
From: Dale Baker  Respond to of 30051
 
In NASDAQ trading it is easy for MM's to take advantage of panicked short covering and run up a mo-mo tech stock 5-10% in a few minutes.

The newbie short club really hit home when an SI friend told me his golf buddies (not big market players) were asking him if they should start shorting. Naz was around 1750 at the time.

Sell the top and short the bottom, that's what you get if you just chase the latest trend in a whipsaw market.