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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: jan_mike who wrote (193)	1/14/1998 10:05:00 AM
From: Scott H. Davis	Read Replies (1) \| Respond to of 1720

[EQNX call by Rainier\| Equinox Expects Record Results - Exceeding Estimates Link follows. biz.yahoo.com (Rainier, no late December ascending triangle comment in your your analysis?) Scott

To: jan_mike who wrote (193)	1/14/1998 11:47:00 AM
From: HeyRainier	Read Replies (3) \| Respond to of 1720

[ Short Selling and other matters ] Mike, be forewarned that your message is not exactly what I was looking forward to reading first thing in the morning. I am now therefore going to take a critical stance in my response: "Don't want to rain on your indicators, but Radica got hit by the big time pro shorters." Before you attempt to show your proficiency in the field of short selling, I suggest you first gain an understanding of the rules and regulations that govern the process of the short sale: "If the short sale is made on the NYSE, the AMEX, or NADAQ , the trade can be executed only on an uptick or on a zero-plus tick--the stock price must move up before a short sale can be made" That is a direct quote from Kathryn F. Staley's book, The Art of Short Selling. So you must understand that it is impossible for short selling to cause a stock to decline in price, as your previous previous comment seems to imply. If you disagree with this observation, I challenge you to provide your own resources that prove the above statement and authority to be false. Next: "If somebody can predict where Fahnstock etc. will show up every week, they'll make a fortune sharing it." I don't claim to be able to predict every short term swing in price in a stock. Anyone who does is either a genius or a fool. I do, however, believe to a confident enough extent the dangers of participating in broken momentum stocks, and a heeding of ones indicators would be more valuable than heeding ones emotions, especially when one's personal equity is at stake, as yours is. Next: "Radica had a trailing p/e of 10 and a forward est. p/e of 5 before it got hit, so the Radica faithfull (especially me) are looking to load up. Doug R. is calling it near the bottom now." First, this is not Doug R's thread. Second, you are a Fool for letting someone else's guidance and observations dictate your participation in the market. With all due respect to Doug R, as well-followed as he is on Silicon Investor, I can care less about his what he says about a particular stock. I make my own decisions and I reach my own conclusions. The burden of responsibility falls only upon my shoulders if I make a losing trade. I started this thread with the goal of making money with intelligent market participants and to educate a broadly uneducated public in the process, should they decide to read and learn from my posts. If anyone acts upon my observations, that is their responsibility, not mine. Third, your admission as a "Radica faithful" automatically discredits your objectivity in assessing the situation with the stock price activity. This may be a factor in your decision to grasp any inkling of positive news about the company stock price. Rainier