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Strategies & Market Trends : Action & Options- Taxikid plays -- Ignore unavailable to you. Want to Upgrade?

To: Allan F who wrote (3671)	2/4/1998 12:41:00 PM
From: taxikid	Read Replies (2) \| Respond to of 4339

as far as the wdry goes.. it was below 24 when i said it was a good short.. @31.5 i saw the peak..{a week later} the debt is not great, the company will not go to 0 etc.. but if it looks overvalued @ 24.. isn't it more overvalued.. or "ripened on the vine @ 31.5".. so i initiated a short position in the $30 range.. there was no reason for it to go to 31.5... so if it retraces its steps to 27-28.. it is a good excellent short..a small gamble many stocks don't retain their moves, and there are many things to me {like volume} that is important.. what someone is willing to pay today, they might not tomorrow.. ex.. i like creaf a lot.. i am loaded with it long term.. i sold all of my short term{day trade} for small profits.. keep banging out small returns in day trade{like a 9-5 job} and the big risk/reward comes from the long term account.. i am refining my exit points.. i always leave a litle on the table for the soes /and mms.. it's only fair i am in their sandbox. taxi