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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: shasta23 who wrote (25523)3/9/2000 8:02:00 PM
From: Iris Shih  Read Replies (2) | Respond to of 68426
 
Hi Stefan,

Sometimes it's good to just step back and review one's trade for a while. I do this often.

I don't encourage you to play options, too. Highly risky.

I usually buy shares instead options. I also spread my trades over several sectors. Not putting all my eggs in one basket.

This time I try buying i-net options for earning plays, ie yhoo, cmgi, dclk, since most of them have consolidated for about 1~2 months. When I started accumulating them, the premium of the options was quite reasonable. Not now, I guess. I will only hold them for about 1/2~1 month. I do expect them to go down again in a few weeks. I'm still expecting a big summer selloff for now. Might change my mind anytime! (G~) Always have my eyes on exit.

Iris



To: shasta23 who wrote (25523)3/10/2000 12:28:00 AM
From: Suresh  Read Replies (1) | Respond to of 68426
 
Hi Stefan,

I am not sure how much Clint's old article you have read but one thing which has helped me a lot is scaling into the position. Clint used to scale in 1/3rd increments... It may not provide returns of nailing tops and bottoms but it is more sensible approach. If the fundamental story is okay with the stock and with patience it works well.

-Suresh