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Strategies & Market Trends : Position Trading Forum

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To: Sandra who wrote (360)	8/16/1998 1:38:00 AM
From: Tim Luke	Read Replies (2) of 7247

Hi Sandra, Always a pleasure to speak with you. The "smart" money is and has been on the sidelines for a while now. If you are holding long and you are not a day/position trader then I would just sit back and ride the storm out. If you are sitting on some holdings and you are up or down a few ticks I would be selling. This is a chance for us all to take a good look at the (pre-correction) stocks that were the fastest moving with high volume and big gainers. These stocks are way off their highs right now and will be slipping more in the weeks to come. What I am doing is putting together a list of a dozen (hot) stocks and I will narrow that list down to IMO the best 3.I will then load up on these stocks (on margin) and I will double my portfolio by the end of the year. We are in for one very bad day and about 3 more weeks of correcting and then you will see one huge rally that will go on for the rest of the year. Best Regards tl

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