SIEB Siebert Financial Brokerage Message Board

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Technology Stocks : SIEB Siebert Financial Brokerage

SIEB 2.740

-1.8%

Nov 3 3:59 PM EST

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To: Sun Tzu who wrote (243)	4/15/1999 6:40:00 PM
From: James C. Mc Gowan	of 284

Sun: yes, I saw that 34-35 to 38+ range this PM and agree that this could be a very profitable range for interday scalping; that is, of course, unless this baby decides to take off again tomorrow, or more likely, after options expiry madness is over. I always like to study those intraday charts for some trading points and the Price by Volume indicators are most helpful too. I guess my earlier hunch to play from 35 for a few would have worked ok today, oh well, I was busy playing MSGI and cashed in; those I-nuts are great for ripping off a few in minutes. It also had a rock-solid floor at 30 today; once it pierced 35 resistance(big buying here in past) it was a no-brainer for 3 points. Of course both SIEB and MSGI were beneficiaries of Uncle Ike's levels today, which I follow religiously for SPM/DOT. Boy, these really help give you trading confidence. Last nite he called for buying in Etraders and SCH; so maybe the best is still yet to come for SIEB et al.; OK, I'm hooked and I'll try to plot out some scalps for tomorrow. Regards, and best of luck with your trades James

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