shortsellers nightmare: utsi

Discussion in 'Trading' started by heilbronner, Jul 16, 2003.

  1. Although there is an inverted hammer I still fear shorting this stock. A final and brutal blow off on the long side is possible in order to hammer those you are short.
  2. dbphoenix


    Why would you want to short it? It hasn't even broken its trendline yet.
  3. As mentioned, it shows an inverted hammer, which is often an indication for a reversal. I'm short for today in utsi, only intraday.