LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: SpecialK who wrote (272)	9/10/1998 1:49:00 AM
From: BoNg-N-BoNg	Read Replies (2) of 43080

Ketan: congrats! if u didn't buy back COMS wed., another opportunity for thurs. at much cheaper price...looks like COMS will be weak at the opening but we might have a rally late thurs. or friday.. anyway earlier on weds. (except the 1st 1/2 hr), COMS is trading above its open up to 26 7/16 high while most of the markets are down and it keep bouncing everytime it hit the resistance of 25.75.. it only went down after 3:30 when Starrr gave its report to congress which also affected practically every stocks in which the Dows and Nasd are down significantly. COMS finally closed a tick below its previous closed. will hold COMS till the day before the close of earning report..I see a strong support at around $23 area so that could be another nice entry point.. Due to market volatility, I'm in 75% cash and 25% stock (COMS) and I use that extra cash for daytrading and or market bounce .. The only problem is so many fundamentally strong beaten stocks that its so hard sometimes to choose which one to buy.... good luck anyway.. just me.. eL...

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