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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Gary E who wrote (1504)	11/28/1999 4:53:00 PM
From: SE	Read Replies (1) \| Respond to of 7434

Jeez, Hal. 7 to 13 in four months? What is the matter with you. That is a daily move for most of the net stocks....figured either on points or on percentages.....no matter how it is sliced. Heck, you must just like dogs I guess. Ask Juice, he can tell ya.....

To: Gary E who wrote (1504)	11/29/1999 5:53:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

Informix, I used to trade that. I think, however, that the suggestion that PnF is making is not that it's a Short. Just that it may be purchased lower than the current Price. In any event, it's not calling it a Buy at the moment. I would guess that PnF does not capture the Lows or the Highs but targets the middle two-thirds of the ride. So sure, your Search Program may be very good, but I think that this procedure (Point and Figure) tends to be more risk-adverse. Informix at 11.625, I see. Nice trade, did you take that? I used to trade it back in the '95, '96 time frame when it was in the 20's and 30's. I don't even recall what product they made. I learned from a Salomon trader who taught me that if you know more than the Symbol then you know too much. I remember thinking that was hilarious at the time, but over the years I can honestly state that I made mistakes simply because of "reading in" to what the stock "should" do based on what I thought of their prospects. That guy was right. My son asked me, after I drew the Rambus chart, what they did. I have no idea. I know they make high-end chips and INTC is or was a customer. Aside from the symbol I know nothing else and that's the way I like it.