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

To: Dave O. who wrote (4753)	10/6/1999 4:53:00 PM
From: Herc	Read Replies (3) \| Respond to of 18137

Do most of you set price goals before selling or accept whatever profits God sees fit to give you? I am coming around to the latter opinion, having missed out on smaller profits only to see the stock plummet. A 6% profit in a day ain't much but multiply it by 365 and we're talking some real money. It seems a good way to find prospects for trades is to check the big movers around 10 AM EST and then play with them. This sure has worked for me this week with INCY and SNRZ. The institutions seem to dump stocks blindly and recklessly on bad news permitting us small guys to feed on the leftovers. After reading the WSJ article today on direct access, it appears the big discount brokers are giving this market a look. So this should be good for lower commissions.

To: Dave O. who wrote (4753)	10/6/1999 6:22:00 PM
From: Matthew L. Jones	Read Replies (2) \| Respond to of 18137

Sorry Dave, I've just been in sales all of my life and the classic-hard-sell-slimey-used-car-gold-chain-wearing-slick-hair-cheap-suit-type I can spot from about 2 miles away. I have no doubt that their system works. But I talked for a while to the top SOES bandit himself and was underwhelmed. It was clear from our conversation that he wanted into my pocket. Fortunately, the money I wasted on his book was the last dime he will ever see of mine. It has been my experience in business for myself for over 25 years that the organization rarely rises to a level over that of the character of the leader. I am happy that you have had good (albeit relatively more expensive) success. I wish you that in the future. Readers, please understand that this is only my opinion, nevertheless, one I am entitled to have and to share. If you should choose to do business with All Tech, I would do so with one hand on my wallet. Matt Coincidentally, among professional daytraders who attended the Expo, his session was the biggest disappointment (so I have read here on SI).