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

To: Jim@Inland who wrote (2083)	6/12/2001 10:51:58 PM
From: Michail Shadkin	Read Replies (1) \| Respond to of 6873

Jim@Inland - my thoughts on ADLR By any reasonable standard this company is significantly overvalued. Problem is, Biotechs are not really measured by reasonable standards. They tend to trade in their own little universe. ADLR's cash position is strong enough to last at least 4 years without further financing at the current burn rate. This is an IPO from Nov of 2000 They held firm during the major dump of the NAZ and their significant lockup. This actually sais a lot. Many momentum longs look for this kind of strength. In very general terms, anything that doesnt dump at all during trying market times, eventually will make big moves when the market turns. The major selling of the lockup is certainly behind the stock. Selling pressure has been lifting. In general, I hate shorting stocks making new highs. I only do so under 1 condition: Stocks make several consecutive new highs on a breakout and then a big blowoff up day occurs. (similar to TARO) So, in this case, if ADLR advanced 3-4 points in 1 day this week to 33-34 level, that would be my trigger to short and play for a retrace of 1/3 of the move of the major support from 21. (12 points times .33 or 4 ponts or so for the easy money) Otherwise, I am just watching. BTW, any retrace to the 25 level or so would trigger further buying back to the highs (once again similar to TARO) This is just the way momentum works. Right now according to fast stochastics this stock is very overbought and any nice spike from here would trigger a very extreme condition. This is the kind of situation I would be looking for in this stock for quick profits. Keep this thought in mind: I dont mind missing a short play, there is always another one just around the corner. But, I do hate getting in too early and getting run over by a truck. So, use patience as your friend. traderpulse.com Michail