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

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To: dunlurkin who wrote (4302)5/26/1998 4:48:00 PM
From: steve goldman  Read Replies (4) of 12617
 
Days like today can be rough. There are no two ways about it. With the Dow down 150 and the NASDAQ down 26, the markets feel heavy and without any capitulation, I wouldn't expect the selling to simply subside. The pain is not so signficant that I would be buying the market, but I am taking opportunity to add to and initiate positions in some mid and small cap stocks that have been under recent pressure.

What is the point of this post? A) We have a free Weekly and Daily Newsletter. If you are interested, please email me at tdesk@yamner.com (SUBSCRIBE OR TRIAL SUBSCRIBE)
b) Be careful with large concentrated holding..quickly dell is off 17% and MSFT 18% from recent higher...forget percentages, many stocks are down large flat numbers.

I have been taking it on the chin lately with some hard drive stocks I have been buying. I still like the sector,but as more of a position play and investment, I keep the percentages down nice and low so that downturns like this, while they sting, are not entirely painful.

In the end, be careful. Thats all I am saying. If you have gotten yourself into a position trading and are concerned,email or private message me. I would be glad to give you a sounding board. Expect the worst, not thebest from the markets and never get too excited or wishful on any concentrated position. I find days like these test an investor/traders committment to firms and many find that the extra few bucks they save going with firm A or firm B isnt worth it.

Keep losses small and let winners run.
Noone ever lost money taking a profit and cash has always been king.
-Regards
Steve@yamner.com
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