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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: Richard Estes who wrote (1912)4/16/1999 1:58:00 PM
From: William W. Dwyer, Jr.  Read Replies (1) of 2120
 
I understand you do not know anything about NTBK. That's obvious. But I was responding to your remarks about "The value of a stock." You referred to daytrading and to momentum trading, which is not necessarily confined to one day. Lots of momentum players remain in a trade for periods exceeding one day. Like AOL doubling in a few weeks, etc etc etc.

So, while you find it strange to talk about "two week trades," you miss the point I was making. Many people who have been trading it have been holding it for more than a day at a time. And doing so at substantial risk and peril, I might add.

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