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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: mattie who wrote (20325)	3/22/1999 1:08:00 AM
From: shasta23	Respond to of 70692

Mattie! Like i said in the other post, i was out of sync the whole last week but QNTM and CUBE were two stocks i had as shorts but started the short to early and sold when the move reached it's peak. But their chart with a peak of a counterrally in an otherwise declining stock is typically what i like. The only stock that remained after last week is METZ. Got it at 39 3/4 which was right at downtrend line and also in an area with some overhead from nov/dec 1998. I'm a little bit ahead on that one. And i don't really care about FA (partly because i have very little knowledge in that area but also out of my experience that i get too emotional when i know too much about a company) and can't make any great comments but regarding QNTM i could only say that the whole group(i look at SEG,WDC,KMAG,RDRT) acted weak which supported my tendency to short one of them. Regarding shorting LGTO. That was a doubtful short and not that well planned, but then again LGTO is a stock that has large intraday swings that allow quick profits if you get on the right side of the momentum. But if you're wrong in timing like i was last week this also works against you...so now i would say the risk/reward ratio was bad on LGTO for me. Will not short a strong stock like this again... Stefan p.s. will look at your shorts to learn something there. IT's always interesting which charts other people choose.