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To: fut_trade who wrote (23465)8/5/1999 12:28:00 AM
From: Shafik Habal  Respond to of 27307
 
Peter, one point on which Larry is correct is that trading ( i position trade, not day trade) the large liquid naz stocks is much more profitable and consistently so (for me atleast) than trading the nets. Technically speaking, the large naz stocks adhere to certain stochastics like Williams % R, MACD, and NDX buying/selling better than any net stock. However, times can and do change, and at cetain times, these stocks don't always follow technicals that easily (witness the run in MSFT from 92 to 100 in a few days a couple wks ago). Technically MSFT was overextended, but it did run (did it ever !).

Larry must be a pretty good trader if he can daytrade these large cap Naz stocks. I have found it more consistently profitable to position trade them. Either way, its safer than Netland. Best of luck.

Regards,
SH



To: fut_trade who wrote (23465)8/5/1999 9:31:00 AM
From: larry  Read Replies (2) | Respond to of 27307
 
I position trade these issues about 1 month before earning report. Usually sold the day they report and day trade for the next two months.

My trading history is very limited, only several years. But my gains are pretty decent. Safe to say that I have outperformed the Nasdaq index by 100 miles since I began to trade.

good luck,
larry

It used to be great to daytrade nuts. But wise traders know when to get on and when to get off the train.