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


To: Wes Stevens who wrote (17953)7/23/1999 2:21:00 PM
From: LTK007  Read Replies (1) | Respond to of 56535
 
My feelings regards market is cash is where to be,except for quicky trades--so did sell IMCL at a 1.2k loss to get me to 60% cash(based on the present value of my tradeing holdings)--
I see several are green today but EDGR and NPLS continue to worsen---
the great temptation for me would to average down on EDGR and NPLS today--but experience tells me never underestimate a down market to create havoc.
Logic says,NPLS is now a screaming buy--but logic is not king right now.
If IMCL news breaks while I am out,well that's the nature of this game-you take risk.
I intend to watch option activity on IMCL on a daily basis.
But at 60% cash I am now heavily armed--40% had me a little edgy:)
Max PS--have not been tracking stock today,so have no other "wisdom" to bring.




To: Wes Stevens who wrote (17953)7/23/1999 2:40:00 PM
From: LTK007  Read Replies (2) | Respond to of 56535
 
JTWO just jumped 4 points to 20,but this stock is HIGHLY dangerous,MMs obviously playing games with this one--play it wrong you get killed--a danger to both buy-side and short-side players,IMO.Max But just realized this could win me a stock picking contest-I submitted it at 6.5----did get 9 points on it in my "funny cars" sector play--or simply what I call the "goofy" stocks sector.