Trading Notes : Trading Notes

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Trading Notes
Trading Notes
David Goldring
Thursday, November 18, 2004

We thought we would list some high flying stocks that appear overvalued. These stocks are in motion and can be dangerous to short, unless the market corrects, in which case they fall faster than other stocks. This list is usually reserved for when the Ts System moves into an Overbought condition. That has not happened yet, but we sense a correction nonetheless.

SHORTS

Network Appliance (NTAP - 29.57)
Abiomed (ABMD - 17.48)
Advanced Micro (AMD - 21.99)
CV Theraptcs (CVTX - 21.62)
Novatel (NGPS 20.31)

Again these stocks are in motion and should be faded only when a correction appears likely.