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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (1494)	8/4/1998 7:48:00 AM
From: Thean	Read Replies (1) \| Respond to of 14427

Doc, first expect a pop from those beaten down consumer non-durable stocks today in the am. They were already moving up in Europe trading. I would like to see how much and how they pop first before initiating new short positions. Doc, when it seems making money shorting stocks become way too easy, it is time to think twice because the trend may reverse shiftly and violently. Think of the drillers and MU and not be too gungho like Papaya. But if one can keep an eye intraday this potential pitfall can be avoided by setting stop sell. Now with your shorts: HIBB - closed below lower BB so expect this to pop early a.m. as well. Today is key because this is confirmation day USA baby (as Dick V would say it). If it can't trade above 32, I would be very interested in shorting it. Fila announced bad earning after close. LSH - I would avoid it as it has a gap to be filled. Could be irratic. FBBC - another confirmation USA stock. No confirmation will likely mean further down. SKYT - this one really broke and the resistence is now 19 - 19 1/2. However, it has a recent history of a fakeout close below support so I would see how it bounces this morning first. Shelia - you have got way too many candidates. If you can pick your #1, #2 and #3 shorts. This way you can also force yourself to be more focus in your picks and at the same time give us more incentive to do DD's on your picks. I still have INHL but I have a stop sell on this one. I think I am going to trade FGII and VRC again.