Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Dr. Stoxx who wrote (3066)	2/14/1999 10:28:00 AM
From: Ken Adams	Read Replies (1) of 39683

TC, Looks like KTWO is another good "roller" candidate. Some nice 25% moves recently. Here again, entering a buy stop just above yesterday's high would have you in at the most opportune times. I set my scan criteria to filter out anything that trades below $5, so I never see this kind of stock. Might run a separate scan for stuff priced between $1 and $5 and try to catch some of this kind of trading. When I was looking for a new broker to replace Ameritrade, I looked at Datek, but as soon as I learned they didn't do options, I quit looking at them. At that time I was big on writing covered calls. I still think it's a great money maker, but, I found myself having to hold a position longer than I sometimes wanted to, just because I had sold calls against it. Buying the call back would have taken what profits the sale had generated in the first place, so I'd just hold. I do more of that sort of thing in my IRA than I do in my trading account. Faster is better! <g> Ken

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