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STAAR Surgical Company Message Board

  • jusdoit91 jusdoit91 Oct 28, 2003 2:49 PM Flag

    let's be technically accurate

    Some people don't like technical traders. The increase in short interest is the fact the chart for STAA is classic short position. Technical traders could care less if the stock is about ICLs or fart detectors. We look at patterns and make decisions accordingly.

    What you saw yesterday and more probably today will be some short covering. See the 13 day MA has crossed the 50 day.The last 10 days or so have begun to rebuild a base.

    I personally sell weakness and buy strength. If STAA continues a little more upward move the shorts will begin to run for cover and it could be dramatic with a move back to the 11/12 area. Whether it holds there is another story.

    I would also ask that we use this board as the venue to express thought. NOT TO INSULT SOMEONE who TAKES A DIFFERENT POSITION.



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