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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Pancho Villa who wrote (3876)3/2/1998 9:37:00 PM
From: Peter V  Read Replies (1) | Respond to of 18691
 
WDRY <<I say it again, eccept for the much higher level of debt (not to say that BFIT's is quite high) WDRY is a bu>> Uh, did you leave something out here?



To: Pancho Villa who wrote (3876)3/3/1998 2:52:00 AM
From: Larry McColloch  Read Replies (2) | Respond to of 18691
 
Pancho: Bfit is still a "buy" according to the TA below. Isn't a good short supposed to not only find a over valued stock, but wait/find the event that will burst the bubble that made the longs drive it up in the first place, and then short the stock?
By the way, what kind of event do you think this stock will have to burst the bubble? I want to be in on the fun when it happens.

Larry

COMMENT
Moving Average Convergence/Divergence (MACD) indicates a BULLISH TREND
Chart pattern indicates a STRONG UPWARD TREND
Relative Strength is BULLISH
Up/Down volume pattern indicates that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is rising which is BULLISH
The 200 day MOVING AVERAGE is rising which is BULLISH

RECOMMENDATION
STOCK IS A BUY