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

To: TATRADER who wrote (4025)1/21/1998 12:01:00 PM
From: JK  Read Replies (2) | Respond to of 7396
 
Mark, do you still see XYLN going down? What is your take on ABTX as a short? Thanks!



To: TATRADER who wrote (4025)1/21/1998 5:29:00 PM
From: LzzrdKing  Read Replies (3) | Respond to of 7396
 
I think shorting INTU is a mistake.

Your good friend Weinstein would have you hung for shorting a stock well over its 30 wk MA, wouldn't he? The trend is your friend and this one is a clear uptrend. RS 88.

INTU is a stage 2 stock. Up on a weak day on very good vol and a hammer on the chart. I think you could find a better one than INTU. I think you shorted it because of those lower highs. I would be covering at 41 if it was me.


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