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Technology Stocks : Lycos -- Ignore unavailable to you. Want to Upgrade?


To: Tom Klempay who wrote (931)8/20/1998 10:52:00 PM
From: virgil vancleave  Read Replies (1) | Respond to of 2439
 
i am only short 100 shares. I know these hype stocks can fly both up and down. I see what could very well be a head and shoulders top and acted upon it knowing full well that i may not get the high on the right shoulder.

As far as shorting, ijust recently started going short when it seemed i kept getting stopped out of all but one of my longs. I follow my trading rules pretty well now. Upon looking at and tracking the new highs and new lows as well as advancers verse decliners, i came to the conclusion that the market in general could be in big trouble soon. Many say we are at the bottom here, but my data shows otherwise and in fact that it is getting worse. Stats for today wer decliners leading by almost 2 to 1. new lows outnumbered new hgihs by 8 to 1 on the nyse and by 20 to one on the naz. obviously, lcos and dell bucked the trend

anyway, good luck