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Pastimes : Home on the range where the buffalo roam

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To: jhg_in_kc who wrote (963)	5/23/2001 4:12:13 PM
From: freeus	Read Replies (1) of 13815

re,i>what's your method? On all days, even terrible ones, most of the stocks we watch go up and down. I am watching certain ones...cree and ntap were ones I just closed this week...and when they appear to be basing at a nice low (for them) price I buy some. If they go down I look at the news and if there is nothing or it's something silly like an analyst downgrade, I ignore. If the news showed something fundamentally wrong I'd have to take a loss. Otherwise when the stock has gone up a couple of dollars I begin watching it, especially volume. If it is going up on more than average volume I keep it. when the volume begins to falter I sell and take the profit. Since cree had strong volume for days and days I got 8 1/2 points instead of 2 out of it. But ntap went down after I bought it so when it came back and gave me 2 points I took it, plus the market doesn't look good today (and I assume for the rest of the week because of the holiday weekend). I don't know if that helps. More than anything, I am reading a book on Everyday Zen by Beck and I am very calm and objective about the market and no longer have that "pit" in my stomache so I can relax and wait for what I need for my target. Freeus

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