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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Stephen who wrote (54370)	6/16/2000 12:50:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 99985

I sell when I hit my targets which are modest, usually about 15% gains. Some I hang onto longer term. I sold three stocks yesterday for gains bought two back. This market is not going the way I want of course, but hopefully next week the spin cycle will change. As I said too many irritating stories this week. I am looking for July as a cash-out time. Hey I DO make mistakes. Like thinking the bottom on LOR was 9 (ouch) but I am feeling good about all my other buys now, all entered at the low or damn close to it. UIS at 24, AAPL at 90, CPQ at 26, IBM at 106, QCOM at 61, ANF at 9. No big gains yet because I sold off almost everything a few weeks ago. Not making any money here but not losing it either. Very choppy market and what's up one day is down the next. My only perfect trades this weeek were GTE 63 out 69 and WFMi in 35+ out 38+. Not big winners but those keep me afloat until we start rallying again. If the market goes lower I could get hurt but I have margin to double down as well. As for my trading strategy, when a stock I really like tanks I buy and try to catch the bottom. Unless they release poor earnings report or something. I never chase a high-flier. Just my nature. Waiting for next week here though I might nibble on some more AAPL or sell my QCOM at 69.