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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (15227)	6/7/1999 10:36:00 AM
From: Susan Saline	Read Replies (1) \| Respond to of 43080

bot CPQ at 23 7/16 for a position hold several days ... not a day trade

To: LastShadow who wrote (15227)	6/7/1999 10:47:00 AM
From: Jay Lyons	Read Replies (1) \| Respond to of 43080

AMSC I've been long this stock forever, at a cost of 10 7/16. I know that a couple of people on the thread have some as well. It's been strong this morning, with no trades going off at the bid. Be aware that the ASK now sits exactly where this stock broke down at in Feb. If it can take out 14 5/8 or 3/4, it looks to me like the next resistance is in the high 16's. If it folds here, it will probably see 12 again. It's been in a strong uptrend for the last week. This is a good pivot point. I think it will be a good long if it takes out 3/4, and a good short at 13 3/4. My read is that if it retraces, it will hold 12, so I'll continue to hold, given that most of my profits between 12 and 14 would go to taxes anyway. It wasn't a gapper this morning, so I cant offer any signals. Jay