Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: d. alexander who wrote (23442)	9/5/1999 9:07:00 PM
From: Clint E.	Read Replies (2) \| Respond to of 68151

Hi Dorothy. My wife went to Arkansas with a friend and isn't back yet. She must be having too much fun. Anyway, patience has not been my specialty either but I've been working on it. I have a very good system and I am very patient when it comes to picking the bottom on the buy side but on the sell side I still need to get a whole lot better. Same with shorting stocks. I picked the top of RBAK and PHCM within a few points/hours but I exited my shorts too early. Perhaps next time, I would exit 1/2 of my positions, something that I've done in the past. >>>>The part that's confusing me is the parenthetical ….(stop at 34, below recent spike-low)... Again, remember that we are talking about when EFNT was trading between 35-41, not now. If you look at chart.yahoo.com You'll see a spike-low on Aug 10th @ 34.25. So to protect yourself, you would have placed a stop-loss below that low. If that low came with some healthy volume and the stock closed above that intraday low, that is a good low to pick. That shows there was interest in the stock at that level and something must go awfully wrong with the stock to drop below that low(which if it does, you are stopped out). EFNT now wants to trade in the 40s(40.625 to 50). Since it is sitting in the middle, I wouldn't touch it. I would place a limit buy order at 41-1/4 with a stop-loss at 38-3/4). CCRD, I wouldn't buy it here but I would place a limit buy at 39-1/2 with a stop at 37(below Sept. 1st intraday low when it saw huge volume). When to sell? If these orders are filled & my stops are not hit, I would re-evaluate and decide on selling price. >>>>Nicholas Darvas "How I Made $2M.." Amazon doesn't have it, even in willing to search for out-of-print That book was published in 1960, the year that I was born! I read the book after being totally confused by CNBC and to some degree IBD, on daily basis. I was trying to learn too much too quicly and was receiving too many mixed signals. Darvas was a dancer and on tour around the world when he made his fortune. He made more money when he developed a system of his own and traded stocks independent of all the concerns on WS. His system was trade stocks that move up from one price-range(box) to a higher one(uptrend). His stop-loss system(placeing stops below current box) saved him from a mini-correction that took place back then(forget when). As far as traders, three years ago there was a person by the name of Zane on ASND's thread. I learned a lot from him. He was an excellent disciplined trader. You don't see too many like him. Over the years, I have learned a lot from some ex-posters on this board. There is a little of Zane, Thomas, Bob, Techie, Dee, Joel, Judy, Jim, Kris, ,,....in me. Clint