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Strategies & Market Trends : Vivek's Intraday Picks
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To: Bob McCreight who wrote (64)11/17/1996 10:31:00 PM
From: DanZ   of 323
 
Bob, Now I know what you mean. I don't use any of the trading services so I'm not sure if I can be of much help to you. I've heard of the Pristine Trader and know some people who use it. For the most part, they're pleased with the service. Another service that I've heard of is daytraders on-line. I've received mixed feelings on this one. Some like it, others can't stand it. If you are trading actively, you might check out the #daytraders channel on IRC as I mentioned in my previous post.

Thanks for the feedback on DSC. The fourth quarter is coming up, so hopefully the old trend will repeat itself and DIGI will report better than expected earnings. Analysts have reduced their estimates all the way down to 14 cents so that shouldn't be too hard to beat. I'm holding 4200 shares of DIGI, plus 25 Jan 17 1/2 call options. I'm really loaded up on the stuff looking for a turnaround. From a technical analysis point of view, the stock looks real good. This is not a day trade, however. To reach my initial target of 18 - 20, one will have to hold it for 1 or 2 months. But at a closing price of 14 3/8 on Friday, this is a very good return.

One thing I've learned over the years is to be patient and not try to get rich overnight. Trying to score the big homerun generally leads to poor decision making and loss of capital.

Best of luck to you in your trading,
Dan
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