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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Angelo J Cici who wrote (993)1/20/1998 9:15:00 AM
From: Hank  Respond to of 18691
 
Angelo,

My recommendation to short ORBI until it retraces to $27 was not a verdict on the company itself. The charts show it has a tendency to retrace back to the 50 day MA anytime it gets more than 20% above that line. That's why I recommend covering at $27-$28. After that, I would expect it to go up again.

Hank


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