The Final Frontier - Online Remote Trading Message Board

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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Sword who wrote (3794)	4/21/1998 8:36:00 PM
From: Sword	Read Replies (2) of 12617

How'd you like the action in SEVL today? Astounding!! I did some trading in it this morning and made a modest 7% profit during the first few hours of the day. Then went flat at about $4.5 and went off to work. Had some meetings, very busy, no time to look at the market. Then at 11:45 (Pacific Time), I signed on and saw it trading at $9.50! Incredible! It was trading at 2 bucks yesterday. I immediately saw the parabolic chart configuration and huge volume so I waited for a few minutes for a pause. I easily sold short at this point. But the ticker and MM screens were lagging so I didn't have a clear view (about 5 to 10 seconds phase lag). This was crummy, so I started up Stockedge Online and pasted a full screen chart. No lag there. By the time this was done the stock had rocketed to $11. I went back to my MB Trading screen and gritted my teeth. My rules said get out. But common sense said this is absolutely nuts. It can't go on! Within 5 minutes, I rode it all the way back to $8 and got out with a 20% gain to my account! Subsequently, I traded long and short several more times for an additional profit. What a ride! :) -Sword

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