Momentum Daytrading - Tricks of the Trade Message Board

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

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To: TraderRick who wrote (667)	3/8/1998 9:17:00 PM
From: Ken Wolff	Read Replies (4) of 2120

TraderRick, I am glad you find some value in the advisory. The reason FPAM was down was a downgrade and generally over the years dumpers have been very stable overnight. I watch for them gapping up the next day and work on percentages. When I see them getting overnight buying I will play the percentage as long as the rewards justify the risk. The last minute action is also important on my consideration of buying and holding overnight. If you watched FPAM It went from my buying price (18 1/4) to 19 before the close then it sold off a bit. This type of action is worth an overnight hold and the gaps seem to be best over the week ends. However weekend holds have more risk....We shall see.... Good Luck Ken www.mtrader.com

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