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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (24158)	11/5/1999 5:40:00 PM
From: Bald Man from Mars	Read Replies (1) \| Respond to of 108040

I should not feel too bad about my losing streak which is only 5 ...

To: Jim B who wrote (24158)	11/5/1999 5:49:00 PM
From: amadeus	Read Replies (3) \| Respond to of 108040

jim,trying to scalp pts on the way down, is exponentially harder to do than on the way up... your margin for error is much much less... your trades have to be perfect... the risk/reward ratio is not favorable...much easier to do that with OTC BBs than these Naz ipo plays, IMO. I'm big on preserving capital in my trading.. I miss some of the big runs some get on this thread, since I protect my profits aggressively, but rarely take more than a small loss on a trade. seems like the safest way I have found to trade an ipo so far is to wait for it to stabilize, then begin to show signs of a trend up. especially when its a quality offering and has been priced fairly, and opens at a reasonable level look at this chart: quote.yahoo.com the price stablized around 42 at about 12:30 & once it began the trend up, approaching, & then passing the former high for the day that's when it hit momentum..and just took off. many good ipos, well supported, with good underwriters do this... the next time it stablized was around 56..at 2:45 notice that's when 2MARS rebought, right at the sign of the uptrend reoccuring...and off it went again... (too bad I wasn't following this one today)