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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 41.98+3.6%1:51 PM EST

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To: margaret tasset who wrote (17481)2/12/1998 6:05:00 PM
From: JPR  Read Replies (1) of 27012
 
Margaret:

I am developing a trading habit based on the following criteria, developed by others.

THE FIRST sell-off IS THE DOWNSIDE POTENTIAL
UPSIDE POTENTIAL FROM THE LOW SHOULD BE ATLEAST 3/8 PROFIT FOR A BUY.
OSCILLATIONS ARE PROGRESSIVELY NARROWER AS THE DAY GOES.
If the stock opens high, always buy below the opening price.
Short the stock at the top
BUY AT SUPPORT
SELL AT RESISTANCE
BUY AT DAY'S LOW
DON'T BE IN A HURRY
BETTER LET MARKET COME TO YOU
YOU NAME THE BUY PRICE AT SUPPORT OR DAY'S LOW
DON'T BE IN A RUSH TO SELL
DON'T SELL AT THE LUNCH TIME
SELL CLOSE TO THE END OF THE DAY, NO MATTER WHAT.
PRICES IMPROVE AFTER 2PM USUALLY.
PUT A STOP ORDER TO SELL AT YOUR PRICE
LET THE MARKET TAKE OUT THE STOCK ON A SELL.
ALWAYS THINK OF PROFIT
NO EMOTION.
TRADE ON THE FOLLOWING:
HIGH VOLATILITY
HIGH VOLUME > 200K/400K
LARGE STOCKS
VERY LIQUID STOCKS
Paul
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