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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: Ken Wolff who wrote (1597)10/12/1998 6:38:00 PM
From: ozzi  Read Replies (1) of 2120
 
Ken,

Thanks for the classroom discussion, as always much appreciated. You do speak of end-of-the-day dumpers.
One of your morning picks, (dumpers), was ATAC. Almost a couple of million shares traded today and it dropped approx. 45%. Though there was not much buying at the end of the day, there was a lot of wavering back and forth. Would this not be a candidate for a buy in the last few minutes of the trading day, predicating that there will be value buyers tonight? Also the co. is positioned to still make money for the next two quarters, just not what anticipated. On the other hand there was no substancial buying of this stock at the close of day. Knowing these factors, wouldn't this be a high percentage buy, betting on the gap-up in the morning?

Determined to learn,
Gary
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