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

To: Eric P who wrote (4969)	10/20/1999 9:14:00 PM
From: KM	Read Replies (1) \| Respond to of 18137

I love trading the premarket and aftermarket. Love it. I agree with you about buying in the aftermarket but on stuff like big Nasdaq stocks' earnings or split announcements, preannouncements like Dell's this week or whatnot, you can often complete nice trades if you're quick. Of course, my definition of "nice" is a point or so in a few minutes. I especially like shorting quickly on bad news before it gets digested. There were about five minutes where you could short INTC to Island bidders after their earnings miss last week at 72s - 71 7/8 or so and cover for a point. I dumped some Rambus I was holding on some poor guy in the aftermarket at parity that day who probably hadn't seen the Intel news. Last spring, I was able to offload some EGGS after they missed earnings in the aftermarket and it was a good thing because it gapped down a couple the next morning. Same thing with DELL in January after their earnings. One thing for sure, I've discovered. You know pretty fast if you're wrong in the premarket. I never want to see ISLD or ARCA orders on the offer within a point of my buy in the premarket when I have bought something. If I do, I bail. Another thing I do is when I'm buying a news story or earnings or something trying to get a jump on the open, I only buy half of what I want in the premarket unless the gap is reasonable (a judgment call using the futures and bond trading as a guide). Stream of consciousness.