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Strategies & Market Trends : gary smith shorts and longs

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To: David R. Parker who wrote (344)	2/4/1999 5:05:00 PM
From: drsvelte	Read Replies (1) of 430

Welcome David! I don't have as much trading capital as you, so my trades tend to be in the 300-500 share range. I also modify my lot sizes by how confident I am in my interpretation of the chart. I am not a strict GBS disciple - I only do market orders on very rare occasions. As backman indicates, you have MM playing their games, plus the problems of opening gaps. I usually wait 15-30 minutes before entering a trade at the open. I do miss some opportunites, but my comfort level is higher. Also, I don't rely on the charts alone - I look at IBD, Zack's, and sometimes fundamental data. This is probably blasphemy to Gary, but, again, its about my comfort. Look forward to you posting your picks.

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