Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 685.66

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Dec 5 4:00 PM EST

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To: Dr. Stoxx who wrote (6929)	5/9/2000 3:07:00 PM
From: Dr. Stoxx	of 39683

Closing SCH portfolio for now. Out with a small loss on the long. A great trading vehicle has suddenly dried up. My guess is that we will see this also for the other 3 stocks we are trading, and so it is worthwhile, following Ken's lead, to keep a "stable" as he calls it of tradable stocks on hand. From a PM I'm looking at NTAP as a possibility. It's not as good as what we have now, however. I'm open to other possibilities. Looking for stocks with... a)...weekly trading range of about $15 or more; or 25% or more b)...ADV of 500k minimum, with adequate money flow on an hourly basis c)...relatively smooth transitions from long to short, short to long, on an hourly basis (no large gaps, no huge runups, no long periods of little trading) TC.

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