Re: [CANSLIM] AZO

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] AZO
Date: Wed, 23 Oct 2002 10:58:42 -0600

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I don't think this stock should be shorted.  You do want to short a stock after a move 
up, but you want to have a few things going your way.  Stock should be in a 
downtrend, say under a downward sloping 50 day moving average for example, and 
the market shouldn't be so strong.  Ok, we could argue about whether or not this is a 
bear market rally, but I don't think shorting stocks that are making new highs is a 
winning proposition (although its funny, when I buy stocks at new highs they seem 
to want to go down).

On 23 Oct 2002 at 11:42, michael_niemotka@baxter.com wrote:

> Is AZO showing signs of wedging?  It seems like during this most recent
> breakout, and leading up to it, it has been gaining in price, but volume is
> starting to get lower and lower.
> 
> Would this be an opportunity to short AZO?

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