Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (4238)	10/16/1998 1:33:00 PM
From: GT	Read Replies (1) \| Respond to of 18998

EFII - mm's are way short from yesterdays action and will walk it down all next week. Poor earnings, option expire, top of 6 month trading range (from 15 to 22 and back every week or so for last 6 months). MM's raise the ask for every buy and then continue down slowly - surest sign that they intend to fill much lower - I love those guys - Gordon.

To: RockyBalboa who wrote (4238)	10/16/1998 2:08:00 PM
From: drakes353	Respond to of 18998

Christian: I think you're missing my point. What I'm saying is if you want to take a shotgun approach (shorting a list of stocks across the board) it's much, much better to short the Daily Troubles since they are more likely to go down and should go down more than the Daily Doubles. Yes, you're going to find some great shorts on the Daily Double list like...... Equimed, a famous stock which has apparently delisted from the naz (ho-ho!). YHOO seems to be not split adjusted. (Pardon some shameless self-promotion ----> exchange2000.com Yep, EQMD was banished to penny stock hell some months ago. Sad, so sad to see that one go.) ....but you're also goin to run into some buzzsaws like BBY and JTAX. If you're going to take the rifle approach (cherry pick potential shorts off the DT or DD lists) it is also better to look at the Daily Trouble list. The DT list underperforms the DD list so the odds favor finding the better short on the Troubles list. Something that's already been cut in half is more likely to keep going down than something that just doubled. If you're having a hard time getting your arms around that concept don't worry about it, most people think that way. By concentrating on stocks that have already been cut in half you automatically increase your odds of finding profitable shorts. Best of luck, drakes353