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

To: Bocor who wrote (287)	5/6/2001 8:35:25 PM
From: Michail Shadkin	Read Replies (1) \| Respond to of 6873

Bocor - re: GE I actually like your idea of shorting GE here. I might do so tomorrow. the 200 moving average is around 51 which should enormous resistance. Also, if I remember correctly, GE has a nice history of recent warnings. Correct me if I'm wrong on this. This would be a technical short. Chart looks nice for shorting. Target probably 45-46 for a reasonable retrace Only thing I didnt like about the chart: if we draw a trend line using oct6 highs and dec 11 highs, we see that GE closed above that trend line friday. But , compared to the 200 moving average line, this is a minor point for now. I think this is a good risk reward trade. Starting with a full position is very reasonable Bocor, thanks for the idea, much appreciated. Michail