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Biotech / Medical : VISX -- Ignore unavailable to you. Want to Upgrade?

To: CHIP HUNTER who wrote (879)	3/7/1999 5:57:00 PM
From: Kevin G	Read Replies (1) \| Respond to of 1754

If you looked at the chart you should have gone long... The chart is not breaking down... If fact this stock is breaking out! So, why try and guess a top?? It's a losing game. I shorted YHOO in Jan. for less than a week for a 60 point run because the chart was breaking down. If it now moves up as the market charges toward 10,000, and then starts to break down again, I will go short again.(and have a pretty good chance of being right again) If YHOO does not break down, but instead starts breaking new highs, then there is "NO WAY IN HELL" I would take a short position against the trend. This is basic stuff and it works... You seem to be playing with fire when it comes to VISX. You have completely disregarded the danger of shorting a runaway stock. For your sake, I hope it doesn't cost you everything like those stuck shorting AMGN in the early 1990's. Good luck, -Kevin G

To: CHIP HUNTER who wrote (879)	3/7/1999 7:32:00 PM
From: Sportfish	Respond to of 1754

I'm fairly new at this stuff, but I shorted in&out twice last week and made $$. I live by VISX & know one of the VP's. Good company, but every stock takes a breather now & then. For the next 5 weeks, I think $$ can be made on both sides each & every day. I like working with 3-4 point spreads. IMHO, come April 14, the rumors will be real-time news, everyone will go "ho-hum...", & if it hasn't already, VISX will drop down to at least the low 70's, from which it will resume its climb for the time being. Hey, it dropped 5 points (about 10%) in 1 day just before the big jump! Best wishes to both sides of the bid! Sportfish