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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (268)	5/5/2001 6:19:25 PM
From: E. Davies	Read Replies (1) \| Respond to of 6873

Take a look at the chart for BEAS if you want an idea of what a good short looks like Take a look at your BEAS chart and remove Friday's trading and it looks pretty much identical to ITWO or dozens of other stocks out there. My limited experience in the indicators you use simply say that they pretty much just follow price. (Thats why I dont follow the indicators that much) In a rising market you can either short stocks that are short term overbought or try and catch them after they start to turn down. Either method has risks. The bull market of the last few years has taught traders to short stocks that are short term overbought, because even if the market keeps going up they will tend to be weak due to profit taking and money shifting to the next hot sector. If you short stocks that have started to fall (like BEAS) you take the risk of hitting a whiplash rally back up. The market today is tricky. Many stocks like ITWO are short term overbought, but longer term still well below the downtrend line. Anything can happen. Thats why pump is very quick to take his profits these days. I'm sure he'll be happy to cover ITWO in the vicinity of 20-21, which is more than feasable. Eric

To: GraceZ who wrote (268)	5/5/2001 7:55:14 PM
From: Michail Shadkin	Read Replies (2) \| Respond to of 6873

Zaccardi - I agree to disagree on ITWO First, I would like to say I welcome all opposing views on any of my trades and views. I always want to know if I missed something. We all have something to learn from each other. Re: ITWO I almost always pick stocks to short based on fundamentals and look for entries based on technical analysis. The chart that you provided, basically is typical of most momentum stocks in the last 3 weeks. So, its nothing new and speak nothing of ITWO in specific. You never once mentioned fundamentals at all (see post 218) And in the end, thats all that matters. (End meaning 6 months from now, not next 2 days) Last 3 weeks, I been playing hit and run on my shorts on smaller positions than usual. I also predicted NAZ to hit 2250 three weeks ago and those that follow me are well aware of my uncanny market timing. On friday I didnt see much force behind the slight breakout of ITWO at 23.25 (volume was large, but the action last 2 hours seemed extremely weak and tired) I fully expect ITWO to retest 20 on a very short term basis, and it depends on the market at the time where I will cover. That said, this company is a complete bloated overvalued pig, that in due time will fall hard and become a single didget midget. I love technical analysis, but I never ever forget to look at fundamentals first. Many Happy Returns Michail

To: GraceZ who wrote (268)	5/7/2001 12:06:40 PM
From: GraceZ	Read Replies (1) \| Respond to of 6873

Take a look at the chart for BEAS if you want an idea of what a good short looks like using this type of analysis. Message 15765473 Methinks there's a connection. I'd be looking to cover right in here somewhere....-3.00