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Strategies & Market Trends : Evaluating Rumors and News Along With T/A and F/A

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To: Wayners who wrote (47)9/22/1998 8:17:00 PM
From: Susan Saline  Read Replies (1) of 141
 
tops and bottoms

when a stock is moving fast .... like with VVUS

and the last 20 minutes of trading

it moved up fast on no news

I was already in from last friday ..... if I were not in I would not have chased it ... even though it moved up 2 dollars in those 20 minutes

"know thyself"

I am not fast enough and have a hard time finding entry in those movers.

if I had no entry and chased it, I would have been late and bought at the top of the range, near the close.

It gapped down today

no news ... I sold

I look for stocks with a flat trend for a time period of 3 to 10 days,
make entry ... set a mental stop loss ... then I WAIT

this is a postition type of trading, using technical analysis
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