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Strategies & Market Trends : Position Trading Forum

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To: dj8000 who wrote (7160)	11/30/1998 5:18:00 PM
From: wily	Read Replies (1) of 7247

I got hurt, but not because I held overnight. Like I said Friday, I had PTVL @24 from the close Friday. Bought it then, specifically for the Monday morning gap. It gapped 5pts this morning and I was rich, except that I didn't sell. I guess I froze up when it started retracing. I put on several other trades during the pre-market and it was just too much to pay attention to all at once. Tell you what, though, things were going my way for a minute there... And it's not that I didn't expect a retracement from the gap. I did expect it, but since I was bullish on the stock, I only expected maybe 50%. I should have sold when it got to 100%, but I guess I wasn't prepared with a game-plan for that eventuality. I'm flat now, except for my long-term Rambus shares.

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