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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (2872)12/17/2001 10:46:00 AM
From: James C. Mc Gowan  Read Replies (3) | Respond to of 13660
 
Two quick scalps short on BRCD this AM total plus .70
Watching for break of 36.00; there is an old gap btw
34.0 and 36.0 from Dec 4/5.
This would be the best entry for gap down short play, IMHO
Note that BRCM is weaker than other sector plays this AM
1.5 Million shares is indication that insiders see this as a good selling price here; so do I, ggggg

QLGC looks good for continued short scalps with entry above 52, into expiry. Stops are in order as liquidity ramping is still in vogue today. Maybe Tuesday thru Thursday will show weakness after today's pumping on SOX and techs, BWTHDIK.

Good luck trading today
James