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To: Monty who wrote (567)2/22/2000 1:21:00 PM
From: ivan solotaroff  Respond to of 1065
 
Monty,

Don't blame you for sweating it.
When a cat signals by spiking down, then closes significantly higher than the day's low, I generally wait for the retest. While I must admit to having missed many a two-, three, four- and ten-bagger that way (and they still hurt, believe me), I've also missed buying a few companies that stopped trading two days later (FEET, APM, and CNDS are the most recent, but there are many others).
Hope that helps, and congrats on sticking it out, and BTW, it's moving again as we speak, bid up to 13/16. (Clearing the 3/4 was huge; that was the resistance.)

Ivan



To: Monty who wrote (567)2/22/2000 2:17:00 PM
From: ivan solotaroff  Read Replies (1) | Respond to of 1065
 
CAT ON A HIGH TIN BOUNCE

Monty,

Here's a good example, currently playable:
bigcharts.com
It's already 11% off the signal-day low (today's). Doug R, who found this trick, estimates a 28% average return per cat; that's almost half-achieved. This might very well keep going; I'd prefer to buy it tomorrow or the day after, should it take a second bounce. Even if it dips below today's low of 20 1/8, and doesn't do so on volume greater than the previous three days', it's still playable: just as a "two-day signal," which is common.
On top of the safety net of not chasing an already bouncing tigger, you're also guaranteeing a cheaper price.

Ivan