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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Alex Engelgardt who wrote (5175)	2/5/1998 1:43:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 120523

LHSG is not a good short candidate. For one thing, you don't want to short against the market unless you see the trades/sector/market inidcation, and there isn't one. Second, LHSG has a tremendous amount of strength in the last month and has shown some decent lower resistance today. Third, long term shorts work well generally only on trending stocks, which this one isn't. Fourth, this is the fifth up gap in the last two months, with only one down gap. Fourth, what insiders sell at indicates a possible short starting point in a cycle, not a return point. Right now, a short at 63 would say to buy to cover at 63 in the short term, and 58 in the mid term. lastshadow