Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (48972)	11/17/2003 5:11:16 PM
From: Peach	Read Replies (1) \| Respond to of 57110

Thank you, Jorj.

To: Jorj X Mckie who wrote (48972)	11/17/2003 9:15:13 PM
From: stevenallen	Respond to of 57110

Don't recall the Big-Boys calling for an outright short like this before - 11:21am 11/17/03 M. Stanley suggests 'shorting' Home Depot near $36-$37 By Tomi Kilgore NEW YORK (CBS.MW) -- Morgan Stanley technical strategist Rick Bensignor recommended "shorting" -- selling a security prior to actually owning it -- Home Depot shares ( HD :news ,chart ,profile ) near $36 to $37 with an initial downside target in the low $30s. He noted that the stock had rallied nearly 90 percent off its January low to a recent high of $37.89, stalling right at resistance in the weekly charts. In addition, while the stock made a higher high, the relative strength index (RSI) -- which relates a stock's current performance relative to past performance - made a lower low and has turned downward, creating a technical condition referred to as "negative divergence." Bensignor suggests cutting losses on short positions on two consecutive daily closes above $37.89 or a Friday close above $37.89. The stock, a component of the Dow industrials, was down $1.20 at $34.99. The home improvement retailer is slated to reveal quarterly results on Tuesday.