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Strategies & Market Trends : Rande Is . . . HOME

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To: edkaiser who wrote (39455)	10/25/2000 4:07:27 AM
From: GREENLAW4-7	Read Replies (1) of 57584

I think a smart position trader can start positions tomorrow with 30% target on pricing. What this 30% represents is most likely a plan to buy any particular stock no less then 3 times to obtain full position. I believe at the bell there will be some blood but perhaps not enough? I like to buy after 2pm eastern on any long trade in a potential 2-3 day slide. Also the most important move is selling. In this market its better to be on the safe side and set your sell points BEFORE you buy! An example of a my trading schem. I know I like to trade NUFO, OPLK and CRA on these sell-off's. Depending how low they go I may try to place limit buys in the morning, if I don't get them then I may wait for after 2 pm. Secondly like trading a short the 30% rule works both ways. If I buy CRA, OPLK and NUFO in the morning at prices of CRA 66, OPLK 33, NUFO 60 or lower eventhough I may not be in full 100% of the stock I would still set a limit to sell. Then depending on how things look buy more before the closing bell. NASD may only open down marginally so the MM can screw all those who want to buy on the slip in the am. I have seen these MM open NASD down 70-80 then make the retail investor believe we are going to bounce to positive territory just to have the NASD go almost positive at 10:20, then roll over by 11am. Be very careful next several days. I am hearing also that JDSU may have inventory problems similar to NT. I only feel looking at GLW's reaction to earnings that JDSU is ripe for a hair-cut. This method of buying low and selling at 30% has worked very, very well for me to lock in gains, but be able to walk away from a trade when the stock continues to gain even after you sell. Too many traders buy a position then make a nice profit, sell on the hope it will retreat and when the stock takes off again they get the feeling they are missing the train so they buy high. What happens is the stock retreats after you reenter and when its all said and done you have retraced all you gains by reentering. Best to walk away!

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