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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (1649)3/1/2001 3:51:27 PM
From: JRI  Read Replies (1) of 52237
 
Yeah...I jumped on/off board in a hurry.....made nice coin on some calls (within, what, 10 min.?).....Although I like the potential for us to get to mid 2200s here (before next down woosh), I sold my QQQs at 48.83....(bought at 48.10)

4 reasons:
(1) Never know what earnings bomb will come out tonight
(2) It was a huge intra-day move, some ending sell-off would not surprise me
(3) Was the IBM news for real? Some were saying it was a rumor? I was not willing to wait and find out
(4) If that really was some sort of decent bottom, we may just test it tomorrow, too....

Looks like it wasn't too bad a decision, if we do rally end of day here, I likely won't miss to many points...Also, maybe we gap up tomorrow...I'm willing to miss that too...good luck..
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