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Strategies & Market Trends : Guidance and Visibility

AAPL 267.26

-1.4%

Jan 5 3:59 PM EST

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To: Fiscally Conservative who wrote (98564)	11/13/2003 9:17:28 PM
From: Findit	of 208838

FT I am no TA expert. I watch for stocks that repeatedly show momentum moves, especially those that can move on no news. These are most likely targeted by pumpers. I don't have a feel for FMDAY evolving into a successful company. I have observed over the last six months that this stock will move 15 to 30% in a few hours and then retreat. It has been mainly stuck in trading ranges of around .30 to .40 most of the time. The move starting last night pushed it to a new level, now in the upper .40's to the upper .50's. My guess is, that without negative news, the game will be played a few times in this new range. Thus if it should go to the mid to up 40's, I will add to my current position and wait for the next pump to around the mid to upper .50's. This is how I trade other stocks, but some stocks I have more confidence in and I take long and trading positions. EAG and HEC fall into that category now. Even my long positions could be considered trading shares as I usually don't keep any stocks longer than a few months. I hope that makes sense. Has worked very well in this market this year. If the market turns around I will just have to adjust my methods. Jim

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