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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: wallstreeter who wrote (2952)	8/17/1999 12:54:00 PM
From: Olsinvest	Read Replies (1) \| Respond to of 18137

A wise old trader once told me "never let a gain turn into a loss". He also told me "nobody ever cried over taking a profit" Ole

To: wallstreeter who wrote (2952)	8/17/1999 12:56:00 PM
From: Paul Viapiano	Read Replies (1) \| Respond to of 18137

Wallstreeter, CNBC plays can be very risky...well-known names like EGRP may bask in the glow of an interview for a while, but that is not all the stock is trading on at that particular moment... There have been many more P&D one day disasters resulting from CNBC appearances/interviews, etc... LOCK and INTD come to mind...look at the daily charts and ask yourself if you would've liked to have been caught in these spikes on the downside. Paul

To: wallstreeter who wrote (2952)	8/17/1999 2:13:00 PM
From: Eric P	Read Replies (2) \| Respond to of 18137

Can anyone tell me in their experiences how long they would stick with a stock that was on cnbc? I played etrade for a profit but i think i should have stayed longer. Comments anyone? The best thing to do is to watch (not invest in) several CNBC 'news plays'. See how long they go up, see how frequently they go in the right direction, and watch how quickly they drop. Only after you feel comfortable with your knowledge and understanding of these sorts of plays should you even consider investing in them. For a new trader, I wouldn't even consider touching them. It's a losers game, unless you have the fastest draw in the west... not likely for a new daytrader. Good luck, -Eric

To: wallstreeter who wrote (2952)	8/17/1999 2:28:00 PM
From: Dotty	Read Replies (1) \| Respond to of 18137

Wallstreeter, also take a look at CNBC's 5 minutes-of-famer biotech CRGN from yesterday...the examples are endless...

To: wallstreeter who wrote (2952)	8/17/1999 3:34:00 PM
From: Cash	Read Replies (1) \| Respond to of 18137

For a CEO interview, sometimes, I'll buy right before the guy comes on and sell just as he's finishing. I have fast execution, so I'm probably selling to E-traders. This works more often than not, but you have to be quick. Also for stocks with heavy pumping on CNBC, look for other stocks in the same group so you can go along for "the ride". These are particularly good if they are on a technical border (breakout, breakdown, etc.)