Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 176.95

-3.7%

10:50 AM EST

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To: MMK who wrote (5937)	1/26/1999 8:55:00 AM
From: Poet	Read Replies (1) of 56535

MMK: I had hoped to sell half my shares in CSTL at the close yesterday for two reasons: first, I was hoping for the price to spike as traders bought it for an overnight hold (but there was no spike) and second, as a daytrader, I try to close as many positions as I can by the end of the day. Recently I've lost money holding NINE for an overnight gap. Those plays are risky anyway, but with the market as volatile as it is right now, there's an extra element of risk. As for IMON, this one just amazes me. I know there are a lot of people who are looking to short it and I would not hold it overnight, but, yes, I'm looking to daytrade it as well today if the volume is up. Another possibilty today is DNCC. It was put out on the TMex thread by JEB, who I trust. It moved up nicely yesterday and is trading at about 6.

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