Momentum Daytrading - Tricks of the Trade Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken Wolff who wrote (1561)	10/4/1998 9:23:00 AM
From: LEVEL7	Read Replies (2) of 2120

Hi Ken, hope you remember me from your room. Have a suggestion that could be very helpful for the gap calls. Sometimes, on a technical basis, a call to purchase a dumper near the close in anticipation of an a.m. gap makes sense. However, particularly in these trading days, it is important to "know the reason" for the dump. If the dumper is off 40% with no news, we may have to consider the preopen "warning or press release" from the company to give us the bad news. Usually this causes an addition dump on the stock that morning and the gap player gets caught. I bring this up specifically for the "no news" dumper. As you know AZPN was down as much as 12 Friday. I traded AZPN very profitably. However I bought more a few secs before the halt (which I was fearing) where the company released 3rd quarter warning. I was caught . Earnings were out several days ago but the stock was being killed Friday. Why? It was down cause some news hadn't hit the market (for some of us anyway). Only point I'm trying to make is be VERY, VERY CAREFUL of the no news dumper, especially for the overnight gap player. Level P.S. think your room is very educational and would recommend to any novice/experienced trader with the proper tradestation. Good trading.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next