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Technology Stocks : Oracle Corporation (ORCL)
ORCL 201.070.0%Dec 2 3:59 PM EST

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To: nanu swamy who wrote (4570)12/16/1997 6:08:00 PM
From: lml  Read Replies (1) of 19080
 
Nanu, thanks for your lengthy reply.

If you're a day trader, I guess you need a system. And if the system you've explained works for you, gives you peace of mind, then congratulations.

But keep in my mind that any of your "exceptions" can occur w/o warning @ any time -- like last week's quarterly earnings release a week early than forecasted, in which case you'd best protected if you're a day-trader & have narrow stop & limit orders in place.

The point I was trying to making was that little risk is removed owning the stock by following the movement of the Dow. Either you'll be on or off the wagon when the stock shifts into overdrive or plunges off a cliff as it did last week. Looking to the Dow for answers will not eliminate your "exceptions" from the universe of events affecting all stocks.
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