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


To: BDR who wrote (13016)8/20/1998 12:21:00 PM
From: virgil vancleave  Read Replies (1) | Respond to of 18691
 
I was just checking out a few charts looking for patterns and can't help but notice that cmgi has just completed a head and shoulder top pattern. I t is now right on the neckline or so it looks like it.

anybody else notice this? I have no position and don't have any funds to take one.

I do have a short position in lcos which shows a similar but not as pronounced chart pattern. Looks more like a blowoff top and now we are testing the overhead supply at 72. If it can't break ou, it could be back to 50 soon.

sctr still looking weak and i want to reenter soon. May have to cover my lcos position and enter sctr short.

good luck.