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


To: mattie who wrote (24133)10/22/1999 9:47:00 AM
From: shasta23  Respond to of 68596
 
Hi MATTIE!

Sold WIND at a slight loss (19 7/8)at the opening when the stock couldn't go higher despite strong market support. Will wait until dust settles and markies have figured out how to price the acquisition.Linda Raschke says"take a small loss to play for better position".

Not a good day yesterday except for IFMX. Missed a lot of trades e.g.BEAS. Then WIND announces acquisition to through us a curved one and on LGTO i get stopped out at the low of the day just to see it open higher today...arrgghhh!!

Stefan

p.s.Oopps: just see WIND dropped in the low 19s now but bounced nicely around 19 1/4 so far.



To: mattie who wrote (24133)10/22/1999 10:09:00 AM
From: shasta23  Read Replies (1) | Respond to of 68596
 
SOLD IFMX at 7 15/16. >20% in 3-4 days is good enough for me. If it goes above 8 i rebuy and i also rebuy if it pulls back. Like the stock and will trade it more actively.
But i have a tendency to sell too soon and not have the patience...so you might do better.
WIND is recovering into the high 19s just also wonder how long the market will hold up since it was a true power performance the last days...

Stefan



To: mattie who wrote (24133)10/25/1999 3:28:00 PM
From: shasta23  Read Replies (1) | Respond to of 68596
 
Rebot IFMX at 7 1/8...66% retracement from last advance.
Market looks really strange. Low volume, no conviction...feels like a high risk situation. Small investments, mostly cash, protect assessts is the key here.

Stefan

p.s. where is everybody...is SI dying?