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To: Timelord who wrote (58155)1/8/2000 1:11:00 AM
From: Jacob Snyder  Respond to of 95453
 
timelord: thanks.

I might make a bit more doing it as you suggest, and I used to do it that way. But I increasingly find myself unwilling to sit at my computer, watching the minute-to-minute price changes in a stock. If I'm trading it, I just set limit buy and sell orders just inside the trading range. It's important not to let anything infringe on my cross-country skiing time. And I've organized my life, finally, so I don't have to do anything at 5:30 in the morning.

RIG has stalled, over and over, going back a long time, at about the price it is now. We might be just at the point where the stock moves decicively above that range. But I think the odds are even, right now, on RIG going up or down medium-term. With all the unpredictability and volatility recently, we might even (not likely, but possible) see 24 again before we see 36. I'll take the bird in hand.



To: Timelord who wrote (58155)1/10/2000 2:37:00 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 95453
 
RIG high for the day: 34 1/4,

While I was sleeping, my order to sell all at 34 cleared. Interesting that the good news and the exuberant market didn't get it higher. I think it's safe to say that the rotation out of techs is over. AMAT is up, wow, about 8 points today. Another couple of points, and my limit order to sell all of that will clear. Also, today, sold all the INTC LEAPs I bought in June 1998.

Buy on despair, sell on euphoria.
I'm selling, selling, selling.