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

To: Susan Saline who wrote (33828)	4/10/2000 2:57:00 PM
From: Kelvin Taylor	Read Replies (1) \| Respond to of 43080

don't see a really bad market either. that's why I'm buying the beaten down stocks, even though a bit high(POWI today was a tad high) and PUMA. both will do fine with time. but the choppyness will stay. big triple digit swings. that's also why I'm shorting some very quick runners(POCI,INIT, etc.) because I don't think conditions are totally favorable for some to moonshot. ITXC was a very solid gainer on Friday. + ~10. thought it would hold so short a very small position late day. gapped this morning to 70 then down she went. covered today for a 8% profit. if stock goes below 60 then I go long. stocks that get up to fast are likely to see a pull back and those that just get killed are good longs. BUT short term holding, at least for me right now, seems the best bet. keep the money available for the dips and take some profits to keep in the game. don't want to get caught holding a bunch of stuff like before in case to another retesting of the NAZ lows.