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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Jim B who wrote (24171)11/5/1999 7:03:00 PM
From: Travis McGee  Read Replies (1) of 108040
 
Hey Jim,
You may want to consider printing out the daily charts on these IPO's. If you will do this for awhile and study the
patterns I think you can eliminate a great deal of your losses in trading these IPO's. As it is now, you are trading them on little more than hope. If you start a notebook of these charts and really study them, you will be trading with
the advantage of knowing what similar situations have produced in the past. This has worked for me and it will work for you.
Over the last few weeks I have seen you post several buys in these ipo's that were at points in the chart
that you would never buy if you had studied these charts. you could also begin printing out a five day chart of days 2 through 6 from the Yahoo 5 day charts.( I like to have the first day as one print-out due to the detail not found in the five day charts.)these five day charts are useful in judging day 2 gap potential, and first week trading patterns. You can also print out 30 day charts...it goes on and on.
Doing this will not get you the lowest buy, nor the highest sale of any particular leg up as there are other dynamics at work on the movement of a price, nor will it make every trade a winner, but It will allow you to turn MANY of you're losses into gains..... :-)

Glad to see you back...your neighbor,
Travis
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