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

To: Pancho Villa who wrote (6790)	4/12/1998 10:26:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 18691

Pancho, often when I have contemplated shorting Internet stocks and other high fliers, I looked at the chart and decided not to. TA is a good way to see if a fundamentally bad company has broken yet. Without TA, you are just fighting the tape. It's also a good way to know when to take a quick profit. My two shorts in YHOO were break even and then a profit, because I watched the short term trends and set my stops accordingly. Also, a broken down stock may show signs of life with the fast stochastics hooking at the bottom of the scale - another caution light. It's not 100% right all the time, but it is a useful weapon to have in your arsenal.

To: Pancho Villa who wrote (6790)	4/12/1998 12:25:00 PM
From: Bald Man from Mars	Read Replies (1) \| Respond to of 18691

Pancho, I am just curious, besides fundamental reasons to short a stock, do you engage in any technical charting ...< No but perhaps I should. pancho ----------------------------------------------------------------- Pancho: I think just adding a crossing of a moving average (25 day or 50 day or whatever) probably will eliminate some of those that are overvalued but getting into more overvalued ... On the other hand, I do not read any of the stuff that you read, because I plainly don't know what the hell it means. Have a good day, Pancho.