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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Larry S. who wrote (22990)4/11/2000 6:14:00 AM
From: Ron McKinnon  Read Replies (2) | Respond to of 53068
 
Larry, you will get no kick from me
except
it depends on why, when, how, for how long
let me explain once again how I operate

#3 Account:
good stuff, real companies
few trades, some held for years
CMGI CSCO INTC MSFT QCOM SUNW
C FBF FNM GE JPM
MRK PFE WLA
HD WMT
others
some "residuals" from #2 get shifted to here
get the drift?

#2 Account
position, swing trades
leg in, leg out
play the moves
FNV-16.25 avg
CMGI 92.50+84.875
CMRC 119.625
GUMM 11.75
ICGE 64
ISLD 35.25
MSTR 57.75
RCL 26.125
YHOO 143.75
a few other bits and pieces

#1
1 minute specials; trade, trade, trade
yesterday

had CIEN short (it hurt me Friday) at 129.75
traded it short 3 more times and long twice
it closed down 19.50

had QXLC short from 103, covered at 41.375,

had EPAY short at 46.875, added at 54, closed at 50.25

shorted CYTO at 9.625, covered at 8 7/16

shorted LQID at 21.50, covered at 16.50

RMBS, shorted at 252.50, 269, 282.875; covered at 264

had WGRD short from 89 and 82.50; covered at 77

I agree with you on the sea change shift from the mo-mo's
but for trading who cares?
for trades what matters is volitility
up or down, don't matter
the nets, bios, B2B's etc are the ones that are moving
fast and furious
10-50% or more over hours or days
those are for trades
not for holds
for trades
get the drift?

the good stuff
real companies
rational balance sheets and P/E's
those are for position or long term holds

it is not easy to post here exactly what any of us are doing at a moment in time
nor to give a true perspective of our various portfolios

like I said
no butt kicks from here on your picks
as long as they are bought for the right reason
keep on posting
you ideas are the bext