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Strategies & Market Trends : One trade a week -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (59)	6/7/1999 10:15:00 AM
From: Mike McFarland	Respond to of 89

Trade: Bought 2500 MAGN at the market, 1 15/16. Target $6 on approval of pex. Fingers crossed, this one has to cook a month--FDA must say by 7/24. See vcall.com for the tape of the Boston biotech conference and MAGN thread. I'll post my notes if I listen to the tape a second time, but I heard enough to double up on my position. Now off to the bottom breakout thread to tell Ed {:-)} Here is the post I just put over there, hope I finally give Ed a winner, I want very much to give that thread a good biotech pick, but have not had much luck so far. Message 10012404

To: Mike McFarland who wrote (59)	6/10/1999 1:24:00 AM
From: Patrick J. Saunders	Read Replies (1) \| Respond to of 89

Mike, I trade with real dollars, usually 1k shares per trade to keep the math simple for me. :) I like stocks that have over corrected and trade with reasonable, possibly, predictable patterns, FLT @ 39+ is a buy, and has been in the past for me a number of times. Currently looking to sell around 45. I typically trade 4 or 5, some really cheesy ones like HNV: Buy below 2 9/16 and sell over 2 7/8. I am not afraid to take profits as small as 1/8, but have missed out on a lot of good moves due to this trading mentality. I was trading IP from 40 - 43. It ran to 50+, but while I was out of the stock. I can't complain. This is just one mechanism for trading, and as long as I walk away with a profit no complaints. I currently hold LU which I have determined to hold long term, but its tough not to sell and register the paper profit. FYI: With hindsight, If I had bought and held, I would be retired now. To make up for my poor historical choices, I buy and trade stocks that I wouldn't mind being married too, should adverse conditions blow my way...Do whats best for you and good luck. Pat