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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (20443)7/19/1999 4:17:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
I can't believe I hesitated today. I am so out of practice at scalping day trades that I missed both intra day MU and KEA put plays. I think it is time I put in for a few weeks of leave to hone my skills and temperment again. I kept worrying about the earnings after the close even though I was planning on exiting before the close.

As for EXDS, that really caught me by surprise. I didn't expect it to sell off until earnings but I guess so did everyone else so there was a rush to see who could get out the door first.

They made a valiant attempt to rally the close but no one was buying it. It will be interesting to see if someone misses. It appeared to me like someone knew something. If so, I hope the SEC reads this and gets off their duff and finds out who and how. I have seen too many times where there was large buying or selling ahead of earnings surprises.

Darn, I really wanted to add to my MU today. Here is to hoping for a second chance later.

<OT> I had so much fun the last two weeks playing shirt, I just signed up to do it again the next two weeks. I will take this week off then take a two week trading vacation in August for the BK. That is if we aren't off defending Taiwan. <ng> I wonder how much Al Gore will get for his election campaign to turn his back on the whole affair.

Good Luck,

Lee



To: dennis michael patterson who wrote (20443)7/19/1999 4:36:00 PM
From: pater tenebrarum  Respond to of 99985
 
new high on GE duly noted. as far as i can see, it's in a fifth wave up-should correct soon.

regards,

hb