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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: LindyBill who wrote (1762)5/6/1999 10:09:00 PM
From: Poet  Read Replies (2) of 54805
 
LindyBill,

Nope, nothing about position trading is easy. It also, as you have pointed out, has a fair amount of risk along with the potential for reward. It's a trading rather than investment style.

I'll tell you what: I'll hazard a guess that, tomorrow being Friday, coupled with the fact that the Nasdaq dumped at the EOD today, and worries about tomorrow's financial report, we'll retrace to 215 by 10:30 AM. I'll put in a limit buy at 215 on QCOM and let you know if I filled by 10:30. I'll do the same with GMST, which I believe will retrace to 114 in the morning. It's just a series of educated guesses, although about timing rather than the particular stock, that's all.
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