Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: puborectalis who wrote (54139)	8/1/1999 10:18:00 AM
From: lee kramer	Read Replies (1) of 120523

Stephen K: Sorry, must have hit the wrong button and lost what I'd posted to you. To recap; Because I'm a TRADER, if I wanted to trade TFSM (having no knowledge of the company and what the future might bring...though I do know my way around financial statements), a look at the chart suggests that I'd buy half my intended position between 30-31. And, because the "gunners" might look to hit a ton of sell-stops likely placed between 29-30, IF there are a ton of sell-stops, I'd pick up the other half of my position if the stops get hit and I can add between 29-29 1/2. Then I place MY sell-stops between 27-28 1/2. If the gunners don't hit the stops, or if there aren't many stops, well, I've got half-my position...and I can live with that. Trading is not a science, there are no guaranteed winning "systems"; there's a lot of "art" involved, gut-feel, intuition, and perhaps some wisdom from the residue of experience. (Lee)

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