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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Bo Didley who wrote (185)1/11/1998 9:20:00 PM
From: milesofstyles   of 2120
 
axgi, i hope that news is coming, it was touted by ms the weekend before the run up , then trading at 29, tried to get it at 32, nada, 35, nada,.37 was put in at 9.45am and it sat for over an hour and a half before i cancelled the order, that monday it got as high as 41 and closed that day at 36! ms made money , everyone else is still waiting on news...so i agree you have to be there before the news not jumping in on the release of it with the pennies, and if he wants to monitor that kind of activity, i don't believe the pre news buying is gonna be enough for it to show up on a percentage list, agree on the dd especially with pink slips coming, i think a better approach would be to bottom fish in terms of price , make sure the company will be reporting, and load up at the bottom of price if company is satisfactory, then when news comes you're in and ready to go
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