Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Bull4Now who wrote (591)	2/11/1998 9:12:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 34811

Hi M...I mean Bull4Now, I don't have a formal definition but I'll do my best... Yes, it is a short approach. Basically, when a stock looks ok technically, but it has had a significant runup without any intermediate pullbacks. Eventually profit taking is going to kick in and there will a quick correction in the stock. There is a good chance that the stock may reverse back up quickly, so you get out of the short/put position fairly quickly as well. I bought puts on AOL today at 115 and with any luck, I will be out of them tomorrow. For me it is more of an impulse trade than a well reasoned/analyzed position. Tom