Multi-Day Momos Message Board

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Strategies & Market Trends : Multi-Day Momos

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To: Lawrence Burg who wrote (87)	4/29/1999 2:32:00 AM
From: Lawrence Burg	Read Replies (3) of 397

The market will never cease to amaze me...no reaction on PIN this morning to the CAS. Finally took the hit, when volume failed to appear on either side and took the loss at 5 1/4. Move along. True to form, we should watch it daily for a while to see if it picks back up...like TOPP did today... Squirrel...VSAT is another SMOD...call me if & when they can break the 50DMA...or use that as the alert. WWES, is mine. Hoping for a decent gap to get me further up on my entry. Something's gotta be up. My post from Yahoo Looks like you did well for yourself by focusing on WWES. I should have focused on the action a little bit better myself the last few days. The Accumulation hasn't let up very much. Another valuable lesson learned today as far as Limit orders. I was on top of the move @ 2 5/8 as the volume came streaming in. I laid down a buy limit @ 2 3/4...and watched as the spread moved right through it w/o executing. Placed another @ 2 7/8...3...finally 3 1/4...which finally executed at the first peak of 3 3/16, as the price turned around and headed back down. NBD is usually excellent, but I was a little miffed. They were only executing market orders on the initial advance. Lesson...when you're on top of the run, and it's advancing slowly enough, as WWES was, a market order is not taboo, as one may otherwise not get in before a peak or pause. The run was strong and measured. I woulda been in at 2 3/4 w/o a doubt.

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