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

To: Vendit™ who wrote (4660)	2/5/2005 9:59:36 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Works indeed! T

To: Vendit™ who wrote (4660)	2/5/2005 10:17:13 PM
From: Walkingshadow	Respond to of 8752

I notice DROOPY wasn't on the list.... did it fall off the edge of the earth? 139.142.147.218 Seriously, that would have been a great short, wish I'd seen the chart. After the big volume gap down and failure in April, the 100 ema is the target entry on the short. The two side-by-side much bigger volume bearish candles in August sealed its fate, making DROOY dead money for the next year at least. 139.142.147.218 A short at the 100 ema in October would have given a 45% profit as of now. The lesson there is that the best stocks to short are the ones that are in a downtrend but have rallied into resistance. That's one reason I like SNDA, although it is not in a long-term downtrend. So for that reason, it is not optimal, but it is still a good short. With regard to DROOPY, it remains an excellent short IF and WHEN it can rally into resistance. I think this one is worth watching, and could be shorted if it rallies into the bottom of those twin power candles formed in August. That would be about $1.65 or so. With a little luck, that might just coincide with the descending 100 ema, which would provide two very good reasons for a short entry. Another thing I like about it is that less than 1% of the float is held short which amounts to less than 1 day worth of trading volume. So there is no chance of a short squeeze forcing the stock against you. finance.yahoo.com T