AI
Monday, July 22, 2002 12:34:40 PM
IGT another "sink or swim" play has definitely SUNK. SO as we said hotels, casinos, and gaming are not showing any signs of reversal. Hey where are the technical reversals that should be made as stocks approach area of prior lows and support? suggested by Friday's chart patterns? WHERE INDEED???? 
Unfortunately short trades can't be huge any longer which is a shame, but I look towards shorting any rally for more gains. At this point the health care, building, and banking sector still seem to have more downside than some technology stocks that are extended well below their 20 day moving averages. There is no bottom, just a temporary "floor" for more downside, nothing has changed, prices are still exorbitant but we will 'give in' and suggest that those companies that had good earnings reports or will have good reports might be the first to rally. That is why we are still "on watch" with LNCR, LPNT, LH and IGT which are shooting down still (giving us more confidence to hold the real dogs short).
http://www.investorshub.com/boards/read_msg.asp?message_id=422961
http://www.investorshub.com/boards/read_msg.asp?message_id=422988
Unfortunately short trades can't be huge any longer which is a shame, but I look towards shorting any rally for more gains. At this point the health care, building, and banking sector still seem to have more downside than some technology stocks that are extended well below their 20 day moving averages. There is no bottom, just a temporary "floor" for more downside, nothing has changed, prices are still exorbitant but we will 'give in' and suggest that those companies that had good earnings reports or will have good reports might be the first to rally. That is why we are still "on watch" with LNCR, LPNT, LH and IGT which are shooting down still (giving us more confidence to hold the real dogs short).
http://www.investorshub.com/boards/read_msg.asp?message_id=422961
http://www.investorshub.com/boards/read_msg.asp?message_id=422988
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