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

To: Willsgarden who wrote (4240)	1/30/1998 10:27:00 PM
From: LzzrdKing	Read Replies (3) \| Respond to of 7396

<<ANEN looking ripe for shorting! lost upward conviction... overbought. anyone concur? Bill>> ANEN looks excellent to me. Nice blocks today and holding near short term high. It needs a rest but as I have said before, shorting stocks because they have moved far to the upside is a good way to lose money. ANEN moved due to a great earnings report, and by the way, is on Oberweis's buy list from last month. You don't think that maybe he was buying this week do you????? It's amazing to me that everyone suddenly wants to go short, especially in view of how strong the market has been in the face of some serious trouble in the world. My advice is that if you want to be short, make sure at a minimum you have a stock that is in a downtrend. Everyone wants to short those ridiculous pe stocks like amzn yhoo xcit, etc. and that is exactly why they are high pe, because they are huge short squeezes.