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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: Tom Latham who wrote (2902)	11/21/1997 2:34:00 AM
From: GTC Trader	Read Replies (1) \| Respond to of 7396

Tom, I saw the Worden Report too. It said that DELL, INTC, and CPQ would be good short candidates IF they rally to their 50-day MA. Am I doing something wrong? It looks to me like both DELL and CPQ closed right at their 50-day MA. If so, then isn't Worden saying that this is a good entry point for a short? Regarding COMS, I was fortunate enough to short it two weeks ago when it was at 41 1/2, but I missed closing my position when it dipped below 30. Since Worden targeted the bottom at 24 and since I felt the market would retest 7000 by now, I held off only to see my profits cut in half. I think that I will wait it out at this point, but I wish I sold at 30 when Mark did and was looking for a re-entry point now. Also, I could not find the news you refer to. Can you elaborate? TIA, Happy