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Strategies & Market Trends : Trader J's Inner Circle
NVDA 174.99-3.3%3:59 PM EST

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To: Jon K. who wrote (10706)3/7/1999 7:29:00 AM
From: Ron McKinnon  Read Replies (1) of 56535
 
Jon, you are very right about conflicts in those posts

I did not edit some of the things I took off my inventory of trading ideasI either wrote some of those myself or stole some from others posts

so there is conflict

to bail myself out on that let me try this

on "never buy a falling knife"
that refers to a stock that is steadily falling and shows no sign yet of a turn

the other relates to a stock that has dropped big on huge volume suggesting a "capitulation" bottom; often if a "tail" is left

but one can get hurt either way as I found out buying CPU late on Thursday after watching it for many months
I thought that it had finally reached a "safe" price level, that all bad news had been factored in, and the the big selling volume was the last and final selloff
when they warned after market and opened Fri gap down 25% I was proved very very wrong

so, as I said, do not take everything I posted a gospel; just extract the parts that seem to be right for you
then edit YOUR rules/goals over time as experience tells you which seem to work best for your style

glad some of the ideas helped
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