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To: Jerry Olson who wrote (79279)8/18/2003 4:30:39 PM
From: jjstingray  Respond to of 209892
 
What is your stop? The stockheld that trendline again. I think a break of that trendline would have been more bearish.

stockcharts.com[w,a]dhclyyay[dc][pf][vc60][ilb5!lb14!lh5,5!li10,10!lp14,3,3!lah12,26,9!ll14][J15070420,Y]&pref=G



To: Jerry Olson who wrote (79279)8/18/2003 8:19:45 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
Today SINA broke its downtrend line from
last month's high. That's not bearish. I think that the higher odds play the past two days is long rather than short for wiggle trading.

It's up 4 points since Friday's low. So like jj, I'm wondering what kind of sensible stop does a short use on this one? I certainly wouldn't use mental stops on the Asian internets as they can move way too fast.



To: Jerry Olson who wrote (79279)8/18/2003 10:10:52 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
<<.........short sina ..........the chart is terrible............so is sohu... >>

Agree we've seen some pretty hefty percentage declines these two over the past 3 weeks. But those pale in comparison with the percentage increases piled up for months now, and their retracements have been miniscule....

But my real problem is that your shorting comes just at the time when both stocks are technically showing signs of turnaround and resumption of their uptrends - which, in the longer time-frames, are still intact.......... ....As I was reviewing today's market after the close...... and before I read your comments......I had put both on my buy watch list .........g