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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (21364)6/7/1999 5:29:00 PM
From: Robert Graham  Read Replies (1) | Respond to of 42787
 
Yes, but look at what you would of made on breakout candidates trading with the trend of both the individual stock and the market itself, like EBAY. And at a fraction of the risk without a bungee cord necessary. EBAY +14 3/4. CMGI + 13. EXDS 8 7/16 is not too bad either. I guess that is why I would never be a good day trader. I look at risk differently.

Now for a different sort of outcome look at where AOL is at -3 for today. Good name but bad chart. A good run that started Friday when it quickly based from a pullback and shot up, but was running right into resistance when oversold in a congestion area. AOL for today would of been a poor pick. Many players trade right into resistance like this which is not a good way to make money.

Bob Graham