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Strategies & Market Trends : Stock Crashes

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To: Udo W. Perkuhn who wrote (349)2/26/1997 10:39:00 PM
From: CJ Mark   of 400
 
Udo,

Thanks for your reply. I did made a few bucks with CSCC. Bot at 28 and 29 just to see it dropped to 24, almost stopped out. I sold all my CSCC at 32.5 and 32. As for CUBE, I still do not understand the technology but I just felt that the Fortune (or Forbes?) article and the reaction to it was too much. Bot CUBE at 29 and sold at 33. The best feeling was to watch it went back to 29 just after I sold (but it did bounced back today at 31). What is your picks this week. I think I will pick up some NSCP if it would not run up tomorrow (@31 or so) . I predict the networking stocks (soft and hardware alike) are going up because of the 3com/usrx deal. I looked for the last few weeks at ATCT but just missed the uptrend today. Will keep a close look at them.

One technical question, since beginning to use electronic trading ( I currently use Datek and Etrade, but also keep IRA at Brown), I feel like I trade too frequent and the result I am getting is not much better than "buy and hold". I paid Etrade this year (in less than 2 months)more than my total commission last year with full service brokers. Short term trading does bring a lot excitement.

How much do you trade on short term and in percentage how much you would put your money in "crashed" stocks? I trade alot on these stocks these few weeks. My picks were alright but I almost always sold too early. What percentage would you take for this kind of stocks?

Best regards,

CJ
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