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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (28992)	9/24/1999 2:30:00 PM
From: Lee Lichterman III	Read Replies (1) of 50167

Your response was accurate and true however people are complex and we all have different styles based on our situations. I normally work during the day and believe the market is over valued and has been for some time. Therefore I scalp when I can but I won't go long a stock I don't believe has real value unless I can babysit it. Being in the military (yes I was in the storm, although I was B-52s so I never saw your country) I can not watch the market during the day. I day trade when I am on nightshift leave or layed up after my knee surgurys. The rest of the time, I have to swing trade or position trade. I scalp purely based on TA when the chart screams for a "sure thing" and position trade what I believe in. My "feelings" on MU keep me from going long and turning my back since I live right down the street from them so I know it is a bogus outfit, yet I won't go short and turn my back since I know that exuberant buying inchip makers can last a long time as witnessed by MU's past charts. Therefore, I will pass on the long I have no faith in but won't stand in fron tof the train either. My line in the sand was at 87 for the first 1/3 position on LEAPS and I would have added accordingly at the various spots on my charts based both on FA and TA. DRAM going up was the only reason I didn't put the first third on whenit reached the tine of the first fork but since the fundamental picture changed, I waited and let it go by and raised my targets. There are many stocks to play and I learned long ago to not chase or change my strategies. If I missed MU, oh well, there are much fatter ones waiting to be slaughtered. Heck I am looking at longs here now for the bounce. Sway with the wind. The flexible twigs live to grow bigger, the stiff ones that fight the trend get broken. <g> Good Luck to you, Lee

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