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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (289)	5/29/2001 12:15:46 PM
From: Jenna	Read Replies (3) \| Respond to of 1227

VRSN, QLGC, MUSE, FCEL still hold short CMVT.. nothing but more downside. PLEASE BEFORE COVERING A SHORT LOOK AT THE 15 MINUTE AND DAILY CHART. CHANCES ARE 100% YOU WILL SEE THE REASON YOU SHORTED IN THE FIRST PLACE AND THE DOWNSIDE. DON't COVER AT THE FIRST SIGN OF A BEAR FLAG RALLY. NO STOCK MOVES DOWN IN A STRAIGHT LINE...WE LOOK FOR THE PAUSE THAT REFRESHES..(THE BEAR FLAG) FOR INCREASING DOWNSIDE. DON'T COVER DURING THIS PAUSE. Covered a half of CMVT looking to add more to a big short position as it drops from the declining 20 period moving average.. because I was short a large position(look for the 5 minute chart of CMVT move into a pattern like the VRSN 5 minute chart, riding the 20 period moving average in a consolidation until it drops to the downside.