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: TFF who wrote (4254)	5/26/1998 6:22:00 PM
From: TFF	of 12617

#DAYTRADERS Chatroom Tips - One Good Play A Day: Typically each day #DAYTRADERS will have one good NEWS PLAY. This is what makes #DAYTRADERS worthwhile. Today it was a call on AVNT. The NEWS broke and the room quickly analyzed the release and many traders bought the stock. AVNT ran up several points shortly thereafter. This phenomena seems to occur regularly . The potential NEWS PLAY can be anything from microcap to largecap stock. The key is to recognize the NEWS PLAY as having: 1) good potential to move the stock. 2) see alot of buying on the offer. 3) good follow up buying from traders in the room. 4) good follow up buying in the market. Typically you should sit on your hands for awhile until you can see the breakout occurring. Many traders rush into false breakouts and end up dumping the stock at a loss. Take your time and really look for the momentum to build behind the stock. Even if you miss a 1/2 point it will be worth it too know that it is a REAL breakout.

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