Momentum Daytrading - Tricks of the Trade Message Board

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

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To: Ken Wolff who wrote (1613)	10/23/1998 12:49:00 PM
From: MARK BARGER	of 2120

Ken, you do a great job! I think you are really on to something with your day trading technique. I have found that trading the overeactions by the market at the opening to be the highest percentage trade there is really. Especially around earnings time, I can't tell you how many 1 pt. plus trades I have made just looking for stocks that have sold off after earnings reports, just in the last couple of weeks. The MM's take them down in the preopening shuffle. I let it find a bottom after about 10 minutes and the buy at the market and watch it come back up to a more reasonable value, usually good for 1 pt. or so. Your e-mail is nice also. For example, ADPT today, good earnings, the MM's took it down preopening, and it is now up about 2 pts. from the open. By the way, level II is necessary to take advantage of these situations. Keep up the good work. Mark

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