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Strategies & Market Trends : Lizard King's Trading Swamp

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To: M. Marquette who wrote (2604)11/6/1997 2:55:00 PM
From: TATRADER  Read Replies (1) of 7396
 
M. Looks like I should have waited for my 2.00-2.10 range on GATE....
Will fasten seat belt on this one, Not ready to abandon ship...If FFST can break 9.50 on the bid, it is off to the races....
A word of Warning to all...Recently I got an E-mail from a friend on TLDCF....He told me that earnings were going to be greater than anticipated by the market.... I told him two disciplines I follow...
1)Never buy a stock on a tip from a friend
2)Never buy a stock the day before earnings, especially toward the end of the day....

Well anyway, he told me he bought at 37.00.....I said pass...Glad I did...The stock tanked to 29.00 as of today.....

JUST BOUGHT FFST at 9 7/16.....If it closes at 9 7/16 or higher, we have a 180, a bullish scenario....I like the fact that THQI is booming...Time for software to move...
Regards, Mark

P.S. Looks like those of you who like K-mart shopping may be able to pick COBR up yet in my 7.75-8 3/8 range.....Looks like I might have bought early at 8 3/8 today...
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