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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Pluvia who wrote (26824)4/5/1999 6:30:00 PM
From: Instock  Read Replies (2) | Respond to of 122088
 
< BIGE >Short Sell looking good. Business Week's Hyped/Pumped UP stock closed very weak. Closing at the LOW of the day CAN'T make the LONGS feel good.... Makes me feel good though!

I had hoped the stock would GAP up more then it did, but the GAP of just over $1.00 will work fine. This stock could very well be in the Mid 12's by Wednesday, if not sooner, from the Low of the day CLOSE 13 1/2. IMO

When Shorting a stock, I always look at it from a Buyers point of view.
IF I had bought this stock at the open today, or even last week, I would be looking for an exit very quickly to Lock in my profit from last week, or Cut my loss from today. The only other choice is to become a long Term investor, something I would not enjoy in this Market.

Still grinning about the killing on MZON. Shorted it twice last week, and once this AM at the open. Caused me to miss out on shorting SUGN at the open though... I'll take the very nice gain anytime!

Instock