SI
SI
discoversearch

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 : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?


To: B Tate who wrote (601)3/6/1998 1:50:00 AM
From: Dale BakerRead Replies (1) | Respond to of 118717
 
No clear answers right now. Futures are down 2 - 3 points and the Asian markets are holding up OK.

When the overall market is uncertain, you have to focus on individual plays - news, earnings, TA, whatever you like to follow. Pay particular attention to stocks which are going against the trend. A colleague here has held SFNB since the 7's, and it's now at 13. I'll be looking into it further today.

Yesterday was not a great day to open new short positions since most stocks gapped down so far. I shorted small amounts of NTKI (secondary offering) and ASDV (TA - specifically overbought stochastics and chart weakness down to the low 40's if it doesn't move up again). I will put tight stops on both in case the tide turns.

Stay nimble or get trampled, that's all I can advise right now.