at 122.5---- this is the most slam dunk short i ever ever seen in my life-- yahoo is down 12 and cmgi is up 1/4---- you know what happens next-- its like free money---- CMGI goes in the red and drops like a rock------- traders-- take notes-- you dont get slam dunks like this every day---- riskfree in my book------ $$$$$$$$$
$$$ with my short--- remember history repeats itself ----1) yhoo leads the internets-- if its down, its just a matter of time before the others follow 2) from january to march the techs and nasdaq always sell off 3) good earnings reports are met with selloffs 4) if you think the market will be up big the nect day because of great news-- you are wrong 5) if you think that the market will tank because of some bad news (ex. lu earning anncmnt) you are wrong ------ smart traders live and prosper by these rules---- now i got to find some other techs that are about to go in the negative---- see ya ----
the market. Smart money never fights the market. Trend is your friend. I have never done short, since it's more difficult than doing long. In stead of shorting, I sold my my CMGI shares and holding cash. Will buy back after the entire market finishes its croeection in next month.