DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS Message Board

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Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS

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To: Ramsey Su who wrote (212)	6/6/2001 3:24:45 PM
From: -	Read Replies (1) of 565

P.S., Short HWP I agree, based on the news this issue should see another leg down tomorrow. Based upon the current technical & fundamental picture, we just shorted HWP at 28.70 with an initial stop of 29.30. We are looking to bring the stop to breakeven, then hold it 1-3 days as a swing-trade. There is a huge gap to fill just below where we're trading now... should take it to the $27 area (we'll trail down to lock in profits in case it doesn't get there) where we'd take profits on any remaining position. We may see a retest of the $25 area, will try to trail a stop to there. Great risk-reward for a swing-trade! If it goes UP, we'll simply stop ourselves out for a scratch. We may decide to exit before the close tomorrow, depending upon how the market and the stock acts... we don't do that many swing trades that last longer than 24 hours in this kind of market environment. -Steve

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