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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (17994)11/25/1998 9:05:00 AM
From: Lee Lichterman III  Read Replies (1) of 42787
 
I am so low on funds now that it would be hard for me to buy enough shares to sell enough contracts against to make enough over commisions etc. I think I just need to take a break as I noticed I was breaking many of my own rules on trading. I read the charts fairly accurate but have not been picking the ones with the best long term trends writing it off as the volatile market.

I will try a few trades Friday then take a break for a while and paper trade again until I get my nose pointed in the right direction. Maybe by then, the M will start trading on earnings and future growth instead of what might happen in la la land. Many of these internet companies may not even exist a couple years from now. Same with the internet or software as we know it now. Remember that the internet was offered to AT&T for free twice for free and they turned it down stating there was no future in it. Bill Gates was just a kid that dropped out and offered his Operating system to IBM who saw no future in it. Right now there is probably a 12 year old kid with something that will put today's high flyers to shame. There will be some survivors in those that can switch quickly but they won't be trading at these prices.

See ya all tonight. Have to go to work now.

Lee
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