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Strategies & Market Trends : Sympathy Plays

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To: Cash who wrote (1)9/3/1999 2:21:00 PM
From: Gary Payton  Read Replies (1) of 8
 
Cash - Thank you for that encouragement. I could not believe that when I searched for sympathy plays, I could not find anything. It is one of the most lucrative ways to trade, and often I find myself making terrible trades while waiting for these types of plays to appear. And even worse, I find that when I miss a play because I didn't see it, that ever-so-important ingredient in trading, patience, begins to suffer. That's why I want to bring others into the fold, so that this segment of the trading world can come together and identify the best opportunities out there and reduce the frustration with missing a nearly sure thing. For now, I would suggest CHINA in sympathy to IIJI's strong advance today. Keep in mind this is a high-ranking play in terms of risk, due to the fact that the last time IIJI ran, CHINA followed, but retreated as soon as IIJI fell. However, this time around, you will notice that IIJI is near a 52wk high and has just recieved a bullish Goldman write-up. CHINA is sympathy because it exploits the overseas internet access market as well. Let me know your thoughts.

GP
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