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


To: Walter High who wrote (29543)1/21/2000 8:11:00 AM
From: Jay Lyons  Read Replies (2) | Respond to of 43080
 
Decided to put the Hunger Site link on top, so even those who aren't interested in the watchlist can take a second to help feed the hungry. Remember, when you get to the site, you have to push the button that says "Donate Free Food".

thehungersite.com

Watchlist

Buy trigger is a couple of ticks over yesterday's high.

Category 1

CBST
CDTS
CEPH
CGLD
CLTK
GBT
IGLD
NTSL
OMKT
ZICA

As I've mentioned, these picks are from Sam and Kay, who run a very fine site called Savvy-Trader. As well as good daily picks and a calm, supportive chat room, they have some great info on money managment and position size.

Subject 31104

savvy-trader.com

From yesterday's post:
>In addition, I'm watching CTII for a break of three or to return to 2 1/2<

AARRGGHHH...wasn't watching close enough, when it broke, it really broke. Ended up being a possible double intraday, and I missed it completely. There's a pretty funny situation with this Stock. BARR, a market maker out of Rhode Island, has a ton to sell, and has been incredably obvious about it. When he's on the offer, no one buys. When he pulls off, the stock goes up, and up, and up. So when he's trying to sell at 3 1/16, he can't. The stock broke 6 for awhile yesterday, but everytime he returned to the offer it fell back until he gave up again.

Started the day holding APAC. Still holding from my entry at 14 3/8. It broke out of congestion yesterday to hit new highs. Closed at 16 1/2, optimistic target is low to mid twenties. Had three flat trades in FCS, AMLN, INIT. I was down almost a point One 5/8 loser in NVDA which I bought thinking it would come off it's bottom mid-afternoon, but bought before the break actually happened and didn't sell quickly when the tape didn't confirm my buy idea.

Won't be trading today, headed to a TaeKwonDo tounament with a van load of seven year olds.

Jay