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Strategies & Market Trends : Stock Crashes

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To: CJ Mark who wrote (354)2/27/1997 7:00:00 AM
From: Udo W. Perkuhn   of 400
 
One of the pitfalls of electronic trading, its to easy to trade! I usually look for a quick (1 week or less) 12%-15%. I have some favorites that I've learned to play (ie. USDL). As for crashed stocks, its usually quick money but you really have to pick close to the bottom and evaluate the reason for the crash. I thought CSCC was at its bottom around $38 (I bought in around $40). Sold out at $32 and not ready to risk on that one again (not yet anyway). Right now trying to keep mostly in cash and waiting for buying opportunities. Longer term holding SYBD (BB) and MAMO both development stage companies that I believe have good prospects.
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