Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Dr. Stoxx who wrote (1974)	10/20/1998 6:55:00 PM
From: Patric	Read Replies (1) of 39683

Thomas, Your system works for you. Don't get discouraged. The MCK/HBOC deal and market reaction caught lots of folks off guard, and needless to say all the TA in the world wouldn't have prevented your loss there. It was just unfortunate luck it happened while you were trading the stock. (Of course if the market had liked the merger announcement on Monday you would have been the beneficiary of some good luck). I have been holding some HBOC for several weeks and am kicking myself that I didn't follow my instincts and take my profits on Friday. (My candidates to buy were SPLS and CKR, either of which, it turns out, would have been profitable moves this week, so I lost out doubly). Anyway, this has little to do with BTT except that your MCK loss says nothing about the general validity of your system. Regards, #B~}>

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