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Strategies & Market Trends : LastShadow's Position Trading

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To: Dave Shares who wrote (4136)12/11/1998 3:09:00 PM
From: Jay Lyons  Read Replies (1) of 43080
 
Hey David-

AMR filled at 58 1/16. Was ahead 3/4 points in both airlines, but they both reversed to flat. Covered ORCL just so I could have one trade today that didn't close flat.

Now, about SEEK

I have a spreadsheet set up so that I can pop in the open/low/high and it will give me the short/long triggers. It's divided into two sections- Modified Up and Modified Down. Now by the time I put in the numbers, SEEK was way past its buy trigger of 38 13/16. It ran up so strongly that I thought I could get away with treating it like a gap up with a buy at 41 1/2. Would have worked if I hadn't been asleep at the wheel. I've done this a few times when the sell off and rebound create a situation where the gap down buys are history.

Jay
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