Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: majormember who wrote (4225)	1/29/1998 9:58:00 PM
From: TATRADER	Read Replies (2) of 7396

Skane, thanks for your kind words....I spent about 45 minutes the other night studying APCO, because I wanted to do the best study I could on the stock, and try to begin a dialogue with Doug...Any trader that wants to be good, has to constantly seek to improve himself by reading the latest trading books and studying other traders, or the smarter ones will eventually destroy you....My problem is that I work 50-60 hours a week at a job, outside the market...Plus my wife is now giving me an ultimatum of 2 hours a day on the computer at home....That gives me just enough time to run my scans and do a quick study on the picks to see which ones I might consider entry...That gives me a limited time to respond to posts, which I want to answer... The long-term trendline of APCO sits at 6.50.....An intraday violation is no cause for concern, as long as you hold above it...I have the stock pegged in a trading range from 6.36-7.03 for the time being... Personally, I would not be in this stock, because of the overhead I calculated in the 7.50 area...But this is a 2 minute look at APCO, so please don't take these words for more than that...I have to walk dog and talk to wife now...All the best....Mark

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