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May not be a bad idea. Just take my lumps like a good trader and step a side and
wait for a better time.
Harley
Jim DeWilder wrote:
> Harley,
>
> I don't know if I would have taken a short position in Mu so soon.
> But....this is the third attempt since June for this stock to crack and stay
> above 34.38 for at least 4 days. It failed the previous two times. If MU
> passes 34.38 and fails to hold, I would easily short it as it passes through
> 34.38 on the way down. As Gann used to say (with apologies for paraphrasing)
> three tries and you are out. If however, it remains above 34.38 for at least
> four days, I would close my short position toot sweet. In any event, good
> luck to you.
>
> Jim
>
> -----Original Message-----
> From: Al Taglavore <altag@xxxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> Date: Saturday, September 26, 1998 1:12 PM
> Subject: Re: Yahoo - Intel May Take Stake In Micron Technology Inc., Reports
> CMP's Electronic Buyers' News
>
> >Harley,
> >
> >If you would look at the Shark 32 formula, it might cause you to rethink
> >your MU position and go long. It is a textbook example.
> >
> >Al Taglavore
> >
> >----------
> >From: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
> >To: metastock@xxxxxxxxxxxxx
> >Subject: Re: Yahoo - Intel May Take Stake In Micron Technology Inc.,
> >Reports CMP's Electronic Buyers' News
> >Date: Saturday, September 26, 1998 11:01 AM
> >
> >Harley,
> > That's a rumor that makes a lot of sense to me and you're asking for
> >trouble by fighting the tape. MU is in a Short Term Up Trend Channel
> >(STUTC) and is trying to complete a CANSLIM type cup and handle formation.
> >it could really jump if the rumor becomes true.
> >
> >Jim
> > -----Original Message-----
> > From: Harley Meyer <meyer@xxxxxxxxxxx>
> > To: Metastock list <metastock-list@xxxxxxxxxxxxx>
> > Cc: Alan Kwong <alankwong@xxxxxxxx>; Joe Frabosilio <joe6964@xxxxxxxx>
> > Date: Saturday, September 26, 1998 12:22 AM
> > Subject: Yahoo - Intel May Take Stake In Micron Technology Inc.,
> >Reports CMP's Electronic Buyers' News
> >
> >
> > I now know why MU was up so high. Rumors - They
> > are a pain when you have a short and the rumor
> > takes the other side.
> >
> > Harley
> >
> > http://biz.yahoo.com/bw/980925/cmp_media_2.html
> >
> >
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