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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (27333)6/13/2001 9:53:51 AM
From: Electric  Read Replies (2) | Respond to of 37746
 
Dave,

I know you like NUFO, I have seen your posts on a few threads about how you feel. I dont like it and I would short it on any real bounce, which today it hasnt had. When a stock hits its high pre-market and does not pass through it intra-day, that is a bearish signal to me. I would pass on NUFO and buy somthing that isnt so obviously under alot of pressure..plenty of those around to choose from!

Good luck, I am neither long or short, but would LOVE to go short on any real move up for an extended period..



To: Dave Gore who wrote (27333)6/13/2001 10:00:10 AM
From: Dave Gore  Respond to of 37746
 
NUFO new HOD...looks pretty good. That 8.36 print was bogus, I think. Let's see if we can get a little run if the futures hold up. If they don't of course we will pullback. Certainly not the major play of the day but sometimes it's nice to have stock that move in a more sane manner and give you time to get out without much damage if things go south.

Futures may be a little tired. Need to find some good biotechs today for purchase on pullbacks. News out of CSCO from the conference is somewhat negative on their outlook. I would be careful in techs today on the long side.