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Strategies & Market Trends : LastShadow's Position Trading

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To: Susan Saline who wrote (19023)8/9/1999 9:07:00 AM
From: Jay Lyons  Read Replies (1) of 43080
 
>his justification is slightly flawed ...if someone were to trade in their AOL taking a 50% loss, then go into strong KIDE .. as it runs ... chasing ...? I would surely be even sicker to have entered KIDE (now a momo) at 48 ... to see it fall to low 30's 3 days later. It's all a matter of timing.<

Maybe his point came across better with the accompanying charts. His game is breakouts and breakdowns. He picked AOL and KIDE because one was breaking down and a good short, the other was breaking out and was a good long. (By his methodology) His point was why leave your money in a stock that your methodology now says is a short candidate, rather than taking your money out and finding a chart with good long potential.
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