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I've been reading gary smith's columns, and have been wanting a trading partner. Seems like this could be a place to post picks, and get feedback, from lots of gary smith "wannabees". I've summarized his methodology based upon reviewing his articles from thestreet.com. Good luck to all who venture hereā¦ Shorts Trade below 50 day ma Volume twice daily avg. volume Trend or support must be for at least 15 days Major downside break, ie 1 pt or more 5% profit, 6% loss from order fill looks like "the sound of a branch cracking" Long targets/stops: 5%/6% volume: 30K shares on avg (minimum), and fairly consistently close above 52 week high price above resistance cutoff (longs): 10% time order held: 30 days time to close: as soon as limit is hit all orders are market orders at the open reference columns from: thestreet.com 7/8/98 (updates 3/30, 5/18, 5/25/98) you can set up the short trading screen in marketplayer.com. There's a version of the short selection screen called "gary smith" david silberman | ||||||||||||
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