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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (17762)	7/20/1999 2:25:00 PM
From: Canuck Dave	Read Replies (2) \| Respond to of 56537

Hey Jeff, this is your kind of day, eh? Darting in and out of the carnage, scalping 1/4 here, 1/2 there, and all in all having a very satisfactory net effect. Not much talk of selling too soon today. CD

To: Trader J who wrote (17762)	7/20/1999 2:40:00 PM
From: American Spirit	Respond to of 56537

Being a value investor (buying the beaten down gems mainly) I am not hurt very badly on a day like this. And when I am I can afford to double down (IATV and WIND being my worst hammered today). But most of my stocks are only off fractionally because they weren't the high-fliers which had run up. Therefore, I look for stocks which 2-3 weeks from now should be trading substantially higher IMHO. My CHRZ is up today. DCTI too. SDTI has good news and may move up quickly as well. The rest of them I am just not worried about. And if we have 1-2 more days of this mini-correction I'll be buying more of select downtrodden stocks. Of course it would have been nice to sell off everything last Friday but the key is to retain some cash for bargain-hunting and averaging down and to avoid over-valued stocks in general.