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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Redhead who wrote (7524)8/6/1998 10:39:00 AM
From: James Wright  Read Replies (2) | Respond to of 29382
 
Another short candidate: WAVO. It is in the process of breaking below its long term support level as it continues a steady decline. I shorted today at 9 3/8.

I almost never short stocks, but in this market I figure I might as well make money on the downside (although I feel like I've joined the darkside!).

Other than being short on WAVO and QWST, I'm in all cash right now. There are many good stocks out there from a fundamental perspective, but they are not doing much. Until the market decides to hit a clear bottom I'm going to continue betting on the bear market continuing.

-- Jim



To: Redhead who wrote (7524)8/6/1998 6:55:00 PM
From: LTK007  Respond to of 29382
 
OT-Ah Redhead,it has begun the great TastyKakes breakout,today Cleveland Tomorrow the Vorld!LOL--Flash,HoodMate