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To: drsvelte who wrote (1657)8/9/1998 8:44:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 14427
 
doc...are you looking for a bounce on fdx at 56 or do you see it busting through in freefall to 50 then??? do you have info about downgrades, etc.?



To: drsvelte who wrote (1657)8/9/1998 10:17:00 PM
From: drsvelte  Respond to of 14427
 
More Svelte's Sunday Shorts

Two more to consider:

UN (Unilever)

iqc.com

I shorted UN on Monday. I put in a close trailing stop as it seemed to want to move up prior to earnings on 8/7. I got stopped out with a gain of 3/16[!!!] just prior to the big Friday down move. Although UN met their numbers, their "look ahead" view was not very optimistic - slow growth, etc. I am looking to reshort.

CCK (Crown Cork & Seal)

iqc.com

Not a whole lot of excitement here, just a steady downtrend. Negative surprise 6/98. 8/4 estimates for 9/98 and F/98 decreased. 8/7 hit new 52 week low. Zacks rates it a sell. These are stocks like WIT and Toro that I love to short. I would love to get some suggestions on securities like these.



To: drsvelte who wrote (1657)8/9/1998 10:32:00 PM
From: drsvelte  Read Replies (1) | Respond to of 14427
 
Svelte's Scorecard

I figure if I'm going to post my ideas for shorts (or longs) I should also report how these trades are doing. Of the securities I mentioned last week, I shorted UN, KMB, and PPG. I was stopped out of PPG for 3/16, PPG for 1 7/8, and KMB for 3 3/8.

Overall, for the the week of 8/3 I made 13 closed-out trades (all shorts) with 12 winners and one loser. Net gain was 4.1K. Tuesday really helped!!