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

To: kendall harmon who wrote (17549)	7/19/1999 10:47:00 PM
From: Susan Saline	Read Replies (4) \| Respond to of 43080

I like the 'dumpers' kendall ... I am just too impatient too darn often ... but still like them. NEON reports tomorrow ... if they hit the high end of the lowered earnings expectations, should hit 19 resistance you miss the RAD rally the other day? I ttmar on the 1 1/12 point day. It's coming back down now that the rumors are done ... so start looking again ... it's nearing support ODP ... haircut for it too ... John ... u ttmar? ... lets watch it again ... if it bounces off the support line again ... U ... that was some petty play the analysts did on it ... having an earnings warning' the day of options. to let the employtees get their options very cheap ... it gets a downgrade today and goes up a buck ... wicked MM's my good friend is a pilot for U, he thought it ridiculous, an earnings warning, the planes are always full. I did take a -3/4 loss on the shares I bot the day it dove, too bad as it rallied so nice today. All air stocks green today. LUV splitting 3:2 ... worth watching

To: kendall harmon who wrote (17549)	7/19/1999 11:06:00 PM
From: AlienTech	Respond to of 43080

>>But your response comes pretty close to the line, if not going over the line, of saying since it has not worked for me or does not work the way I like it does not work. I have made as much or MORE trading these kinds of situations in the last five years than the ones you mentioned. It really is a question of knowing how to play them.<< In a way.. Kendall , I have not followed your trades so I have no idea. But I have watched trades of other people. They buy and it goes down and then it becomes a long term investment. For me if I drops fast again I will average down and dump at the first bounce. Even if I loose money. Example was IDS, dropped from like 10 to 3, went to 2 1/2 and when it bounced to 3 1/4 I dumped it. I know others who bought it at 1 1/2 or 2 1/4 and sold at 3 1/4 etc.. But how many did that? most I would think are sitting on losses. So it is a tough play and patience and knowledge of the play is crucial. Even looking at the NEON chart, I wonder how many people are sitting on a profit from the dump. I could never have picked 15 as the bottom on it. Prob got in 16-17 on the bounce and it happened fast too.