Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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

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To: Wes Stevens who wrote (95866)	4/12/2000 7:31:00 PM
From: Kevin McKenzie	Read Replies (2) of 108040

Even the stocks that dropped hard today traded intraday just like they have for the past several months. Wait for the stocks to drop considerably (ie, 5 to 10%) then watch level II for intraday support. Trade for gains of no more than 2 points on $100 stocks. I traded RMBS that way several times today with good results. Unfortunately, I shorted RMBS at 235 and covered at 234 (bummer). Those of you who had success position trading long from December through March, can probably use exactly the same tactics short. Sell when the stock shows strength, then hold for a few days. As has been said many times before, we're all stuck in a "long" mindset. Just reverse your mindset. The risks are no greater going short than they are long, if you use the same risk management. This is my attempt at regaining the focus of the thread. I know I haven't said anything that hasn't been said before. How about if tomorrow, everyone posts short sell recommendations on any strength, rather than long recommendations on weakness.

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