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

To: TraderAlan who wrote (5654)	11/22/1999 9:54:00 PM
From: KM	Read Replies (1) \| Respond to of 18137

I had it on my watch list too but couldn't pull the trigger. I guess you could say, it's been a turkey for too long, and I'm not a hot dog trader. I did have a tasty trade on CMGI, picked it up in the premarket yet again three points under the low from someone too busy with his doughnuts, or maybe he was at a wedding throwing rice. All this talk has made me hungry too. Guess I'll have a bowl of ice cream <G>.

To: TraderAlan who wrote (5654)	11/22/1999 11:58:00 PM
From: Dan Clark	Read Replies (1) \| Respond to of 18137

Alan, I find it quite difficult to believe that you could lose money twice on ATHM. I, of course, only lost money ONCE on ATHM! <G> Actually, it was the whippiest day I've seen in a long while. Everybody was very twitchy. I got pounded on IMAN and IGLD. My worst day of trading in about six months. Regards, Dan.

To: TraderAlan who wrote (5654)	11/23/1999 1:20:00 AM
From: Steven Ivanyi	Read Replies (2) \| Respond to of 18137

I don't mean to boast or anything but I did very well with ATHM today. I have been trading this stock almost daily for some time now. Anyway, I shorted the stock pre-open at 54 3/16 because I felt the gap will be closed in the morning. By the way I use a 3 minute candlestick bar chart using Realtick. The stock sold off immediately upon the open. When this happens I try to cover the stock by 10:30 EST, I covered at 53. The stock rallied back up to 54 and came back to hug the 53 level most of the morning. Second trade was put on when I notice what I thought looked like a cup and handle formation just before 12:30. At this point I felt that 54 as resistance for the day will be broken, so I bought at the 54 offer. When the uptrend line was broken I sold at 55 5/8. Third trade occured at about 1:30, I shorted at 56 - seemed like too much resistance at couldn't move past the high of 56 5/16 at that point. The stock started to tick down and I covered at 55 3/8. Fourth trade occured just after 3:00, when the previous high of 56 5/16 looked like was going to be taken out. Actually I bought the stock exactly at 56 5/16. The stock rallied to 57 9/16, then at about 3:20 a hammer was put in, and I decided the rally was over and got out a couple of bars later at 57 1/2. And that was it for the day. Like I said I have been following this stock and trading it for some time now that I haven't seen momentum or volume quite like this so I was quite confident in buying the breaks. Happy trading Steven