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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?


To: Bruce Morgan who wrote (736)7/21/1999 1:18:00 AM
From: keith massey  Read Replies (1) | Respond to of 5053
 
Thanks for the nice words.

95% of my trading is done strictly off technical signals although I do like to know the fundamentals of the companies I trade. I use to trade strictly off fundamentals when I first started trading and got fairly good at disecting and digging up the dirt on companies. However it didn't take long as an Engineer/Neurophysiologist who deals with signal analysis all the time to get sucked into the technical analysis of the charts. Now I am hooked for life.

JDX is one of those special fundamental stocks that I come across once every 6 months or so. Because the stock is likely to be halted and gap up fairly large after the news I decide to take my position before the news out of greed. Of course when I first started accumulating JDX 9 months ago at .40 I had no idea that management was going to be this careful in choosing a new company. I am not really complaining because I want the most bang for the buck but it would be nice if they did something in Sept. If we get a combo Medsite.com IPO and JDX tech. deal I will be very happy.

I'm glad you are having good success using TA. You should try trading the S&P's/bonds futures sometime...best TA game in town but not for the timid or weak of heart. I caught a couple amazing short move on the S&P's today and followed them all the way down with following stops. Even if your wrong 50% of the time and get stopped out quick...if you catch huge moves on the 50% you are right you can make a very good living.

Best Regards
KEITH