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Валгрин Ко. Message Board

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  • negfeedback2000 negfeedback2000 Jun 21, 2004 3:15 PM Flag

    Follow through or Retreat

    I agree with pullback off todays gains.
    I expect the stock will bounce around in a general downtrend for the next six weeks.
    I shorted the pop this A.M. I expect to cover in 6 weeks.
    With all the buy recs and this good news behind, there is little to drive the stock higher.
    The stock peaked in early December last year.

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    • <<With all the buy recs and this good news behind, there is little to drive the stock higher.>>

      Are you kidding? In the past there has been money to be made on the swings. One of these "up's" is going to be the real thing. I wouldn't want to be holding the bag on a short position 6 weeks from now. Worst case, I expect it to be relatively flat - nothing to hold a short position over.

    • <<I shorted the pop this A.M. I expect to cover in 6 weeks. With all the buy recs and this good news behind, there is little to drive the stock higher. The stock peaked in early December last year.>>

      Your short position is looking worse and worse. We'll see what the next 6 weeks holds. Please post and let us know when/if you do close it. Thanks.

      • 1 Reply to skywat
      • <<Your short position is looking worse and worse.>>

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