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Strategies & Market Trends : WR's Momentum Trades

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To: amadeus who wrote (4077)2/2/1999 4:43:00 PM
From: Kimberly Lee  Read Replies (3) of 11130
 
Bought WWWX 0.95, thanks to my friend LA
Bought NTFY 5 5/8 for core trading position, holding. Did scalp many rounds with a smaller, peripheral position
Took profit on some ADOT 0.16
Added MXNT 2, tremendous strength
Sold NTXY in the morning. Rebought around 13, 13 1/8 and sold at 16 3/4. Not holding it overnight -- first time in 4 days
Should have taken some profit with RPIX, but decided to hold
Sold TODY right after the open, 9 1/8 or so, remounted 7 3/4
AWLD holding strong. Awesome news out today, should provoke some delayed reaction because of the compelling story and very crafty PR
Sold most EDIG at the open, .2475
Picked up PWCC 12, 11 7/8 and 11 (wow, what a fade by NITE), sold most around 13 1/4, 9/16
scalped STGA for 5/32 or so, enough for lunch money tomorrow
Picked up some GMCH .33. May have a wild ride tomorrow
Still holding SDMT, USSP, IHTL, not doing much
holding some MVEE, huge volumes today
Bought GTCI 1.25, lance and Wayne said more good news to come
All in all, a very fun day. Haven't played the NDX and SOX stuff for a while. thinking about doing some again tomorrow -- those big stocks require a different trading plan and mentality altogether.
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