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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: freelyhovering who wrote (28587)	1/5/2000 7:33:00 PM
From: LastShadow	Respond to of 43080

"Can you say what signaled this buy for you? " It looked to have bottomed at the $26 and there looked to be patterened fund buying (hedge or pension, not necessarily mutual) of 10 and 20k blocks every 45 minutes from the intraday chart. The latter is an iffy indicator as it could be coincidental, and easily misinterpreted. But, there was a double upside capability to the stock and up until this morning seemed to be holding the $26 bottom. Beyond that I had heard about the ELNK tie-in, and figured it might be good for a position hold. That Jobs kissed it with $200 million was pure luck. But hey, I'll take luck when I can't be good! ENON, EWEB and CMGI are my largest holdings, though, and I strongly believe there is double upside for all of them. I've given up picking thresholds for CMGI, and will just trade the swings if it looks to hold the trends, but I won't trade it more than a few times a week as I can't watch the monitor all day.