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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (6929)	5/9/2000 1:50:00 PM
From: Ken Adams	Read Replies (2) \| Respond to of 39683

TC, I went out of my LCOS short just a few minutes after my last post here. I knew I was going to have to leave the computer for most of the rest of the morning and my target was near. Got out at 48.25 while at the same time OBV was suggesting buying had come back in. Now, some 2+ hours later LCOS has worked its way back to 50 before faltering. OBV isn't giving a hint as to what's next. So, I'm probably through for the day. I agree about SCH. It's just not doing enough to hold my attention lately. But, nothing I'm watching is very interesting right here. Ideas? Ken

To: Dr. Stoxx who wrote (6929)	5/9/2000 3:07:00 PM
From: Dr. Stoxx	Respond to of 39683

Closing SCH portfolio for now. Out with a small loss on the long. A great trading vehicle has suddenly dried up. My guess is that we will see this also for the other 3 stocks we are trading, and so it is worthwhile, following Ken's lead, to keep a "stable" as he calls it of tradable stocks on hand. From a PM I'm looking at NTAP as a possibility. It's not as good as what we have now, however. I'm open to other possibilities. Looking for stocks with... a)...weekly trading range of about $15 or more; or 25% or more b)...ADV of 500k minimum, with adequate money flow on an hourly basis c)...relatively smooth transitions from long to short, short to long, on an hourly basis (no large gaps, no huge runups, no long periods of little trading) TC.