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


To: Dave Shares who wrote (19011)8/8/1999 12:30:00 PM
From: Susan Saline  Respond to of 43080
 
not confusing ... and actually makes better sense ... than holding it right now with market sentiment so poor.
If more selling persists over the coming week there will be ample opportunity.
Just want us to keep it on watch ... as it has good potential.... the more of us waiting the entry ... well .. the more opinions the better.



To: Dave Shares who wrote (19011)8/8/1999 2:37:00 PM
From: tom pope  Respond to of 43080
 
>>One low risk strategy to try would be to wait for a pullback to 17 3/4- 18, and set a stop at 17 1/2. <<

Except that the MM's on TSFW often maintain wide spreads - 3/8 is not uncommon. If you get filled at 17 3/4 you might find that the best bid is already 3/8.

Spoken from experience with TSFW :(



To: Dave Shares who wrote (19011)8/8/1999 6:32:00 PM
From: chartseer  Read Replies (1) | Respond to of 43080
 
Oy Vey! Another fellow Pnfer.
A Daytrader would probably want to purchase here with a sell stop at 17 1/2 for the bounce off resistance if it occurs. Where as a PnFer would not bother. Would prefer a bullish chart with a buy signal and a pull back like IDC.

then again what the heck do I know? Chicken little and I think the sky is falling.

Message 10866758

chartseer