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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: mattie who wrote (16916)6/30/1998 6:09:00 PM
From: Tiley  Read Replies (1) | Respond to of 69995
 
Mattie,

I agree with you on shorting disasters (hey if too many people start agreeing on this, it will stop working - so others please disagree). But I refrain from shorting at the open - the MMs will give you a bid-uptick only at the initial bottom. Wait for a bounce, to see where the first resistance is, and then short - good for 10-20% at least,

Later,
- MJ



To: mattie who wrote (16916)7/1/1998 8:39:00 AM
From: Clint E.  Respond to of 69995
 
Hi Mattie. I agree with you. After a major shortfall, 90-95% of times, stocks go even lower as days go by, will then settle, and finally bounce back some. In time, they can fully recover like ADCT did if it is a short-lived problem. However, most wont.

AFCI will come back only if it is acquired, IMO.

Clint


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