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Technology Stocks : Compaq

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To: Roads End who wrote (29947)7/27/1998 4:47:00 PM
From: Eric E  Read Replies (3) of 97611
 
I've decided to begin day trading CPQ and discontinue my previous buy and hold stategy. When it was recently 34.5, I thought it wouldn't now go below 31.5 - 32. Well, as you know, if I would have sold at 34 or 33 and bought back today or even last Friday, I would have been much better off. Next time we see 34, I'm dumping and will wait for the INEVITABLE 1-2 dollar pullback. I only wish I did this more often in the past. I currently hold 700 shares and will gladly take 700 - 1400 dollars per trade by utilizing a "day" trade mentality.

Never get attached to a stock.... once it hits your target, GET OUT AND BUYBACK AFTER IT'S FEW POINT PULLBACK.

Comments welcome!
Eric
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