Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Jay who wrote (13400)	7/29/1998 10:09:00 PM
From: Robert Graham	Read Replies (1) of 42787

I would stick by your system. I make my determinations in this market by the technicals and tape action on the stock. I also keep watch on evidence of changing market sentiment. What I see now is that sentiment is getting worse. This would support your thinking that the novices may end up selling next week. But you need to have an idea of the type of event(s) that would cause this selling and look for it if you are going to approach the sale of stock in this way. This would help to add clarity to the thinking involved and avoid ambiguity that would make you more vulnerable to acting on your feelings. Determining the type of events that would cause the novices to sell of course would be difficult to do. So I would stick with the technicals of the stock and keep watch on the market's leadership. What was the plan for your trade? What reasons did you have to enter your trade? What was your exit criteria? This is what you need to keep to with regards to your decisions to sell. Personally, I am staying out of this market. The risk to reward profile for this market is just too high for me as a person who plays the long side. Bob Graham

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