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Biotech / Medical : Arterial Vascular Engineering AVEI -- Ignore unavailable to you. Want to Upgrade?


To: igor who wrote (53)2/22/1998 2:53:00 PM
From: Doug Moulton  Read Replies (1) | Respond to of 410
 
To All;

I am a first time poster on this thread and also a day trader. I was looking at short interest for an opportunity to short a stock and came across this stock. Looking at the weekly and daily chart I see that there is a big divergence between price and MACD. That tells me that this stock's upward moves are getting weaker and so I thought I would put out a warning just for info to the thread.

Please don't flame me....I have seen short interest increase while divergence between the price and MACD increase and the result is usually a decrease in price. This happened with Cube, Cymi, and Creaf and each time the thread was totally positive while the price continued to drop. Again, this is just one man's opinion who does not have a position at this time, but is thinking of going short.

Good luck to all,
doug