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Strategies & Market Trends : winpa -- Ignore unavailable to you. Want to Upgrade?

To: Winston Kim who wrote (4561)1/16/1998 1:06:00 PM
From: Sul  Read Replies (1) | Respond to of 6855
 
All my open short positions are down on an up day and at or below my entry point. This is a good sign. If it can't join the rally imagine what it will do on a down day.

MCRL short @ 28 15/16 - now @ 28 1/4
HMTT short @ 11 3/8 - now @ 11
THQI short @ 19 5/16 - now @ 19 5/16

Not much buying seen in any of these. Also none of these are day trades. I intend to hold these for atleaset 5-6 days.

Suleman



To: Winston Kim who wrote (4561)1/16/1998 1:09:00 PM
From: Steve Smith  Read Replies (1) | Respond to of 6855
 
Winston....

You have to go against the market ....short on strength and buy/cover on weakness.

If you buy on up days like today...you are buying at the top.

How many times have you seen that happen?

steve


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