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Strategies & Market Trends : Short Selling, Dark Side, Bubble Busting Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Bill Cotter who wrote (350)	9/11/2006 5:02:41 PM
From: forceOfHabit	Respond to of 361

bill, "I thought the price of gas would have a negative impact on retail and travel (CTRP, SHLD and OMX)." Not to mention rising interest rates. "...I ran a very basic screen using MSN deluxe screener, 3mo, 6mo and 12mo relative strength > 80 and price to sales ratio greater than 7 (looking for the momentum stocks)." Besides the technical stuff, I like to see some fundamental weakness as well, e.g. large debt. Hence my auto sector shorts: large debt, huge unfunded pension obligations. Still, oil is coming down as are other commodities (e.g. steel) so maybe its time to move on. I was thinking maybe the restaurant sector... foh