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Non-Tech : StarNet (SNMM) The Short and Long of it -- Ignore unavailable to you. Want to Upgrade?


To: Roofman who wrote (15)3/16/1999 9:25:00 AM
From: Jack Turner  Respond to of 26
 
Rule #1 regards shorting - Never get caught short after a breakout!

What is a breakout? When a stock closes on short covering and clears its all time high closing 5% above the old high and also at the high of the day. That breakout is likely to be gap next day on the up side.

SNMM just broke out and will gap today. Now the only question is how far to the next correction? I do not know, I am just glad to be on the right side.