To: KevinThompson who wrote (15794 ) 11/26/1999 1:17:00 PM From: Rande Is Read Replies (2) | Respond to of 57584
Kevin and all, I was PROFITOFTENing the speculatives. . . SFTW served me VERY well from 5 7/8 to over 12 and still holding a few shares. . .PLUS looked nice at close. . . sold half. . .will sell rest on gap. . .if you didn't see gains on LPTHA today, then something is wrong. . .I agree that VUSA, TGLO, BYND, etc were duds. . . that is why I spent so much time posting the early morning plays. . . if you are daytrading or swing trading aggressively or regularly and you are NOT trading during the pre-market &/or post-market, then you are missing out on the lions share of profits. I don't trade after hours generally. . unless I have to. . . I do have a life outside of the markets you know... .<g> I also sold NETP and a few others on decreasing money flow. . .but I bought even more T. . .with winnings. . . .missed buying a few on my watch boards. . .that's how it goes . . can't play 'em all. All in all, today was very nice. And I learned much today about momentums from watching money flow today. . . no need to watch momentum curves. . .just by watching the money flow, you can get a really good and quick feel on momentum. . . then by comparing to float, volume and a few other factors, the momos sort of stand up and say "Hey! Pick me!" This was exactly what I expected. . . wish I had still had that ADSP . . as it was this year's BAMM. But getting into such meteors early enough to make serious gains is very very very tricky. If it were simple, we'd all be rich. . . remember, this is war. . . .when you sell your shares for a profit. . . somebody else buys them. . . .if the price goes up. . . you were wrong. .. if it goes down. . .they were. .. . .the only time when EVERYBODY ALWAYS make money [except short-sellers] is when a stock goes up, but never comes down. And this year, we have seen a remarkable number of such issues. Again, I am in a fairly defensive posturing going into Monday. . . I can't believe the Fat Cats are just going to let us get away with this. Best wishes to all. . . . Rande Is