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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (2314)	11/27/2004 8:45:32 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Thanks very much, Reid. Note that this is good both short and long. The short position is relatively lower risk provided you can be a bit patient, because the peaks are such gross overshoots. But the thing that convinces me to get out quick is the volume... see how each peak was accompanied by huge volume? But this time.... you don't see that kind of volume at all. The other peaks I consider classic short squeezes, but this time it seems there are far less shorts. Personally, I like to see as many shorts as possible on a long position, and for this one, it is particularly important. But that said, somebody seems to be slowly accumulating, which is the only way one can obtain a decent-sized long position in a stock like this.... I base that partly on the fact that the general trend has been rising gradually, as you pointed out, but with periodic consolidation. Wish I had been watching today, I would have bailed. But I'll do so on Monday. Terry