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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dalin who wrote (2704)	9/21/2000 12:15:18 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

you sold some NTAP, consider covering some other shares /JW

To: Dalin who wrote (2704)	9/21/2000 12:31:31 AM
From: Sully-	Read Replies (3) \| Respond to of 65232

Another NTAP viewpoint from scottcardiff on the QRTS thread.... .....Re NTAP exit strategy, Dr. Alexander Elder in his book covers parabolic moves such as NTAP's. The book is "Trading for a Living". Realistically, NTAP could go to 200 before slowing down or it could open lower tomorrow and be back at 120 in two days. This is purely a momentum stock right now, so I, if I were smart enough to own this stock, would sell or cover on a close below 10 day moving average. Or, if NTAP say, gaps up and moves 20 points, sell then (exhaustion gap). Maybe you would want to sell/cover half your position and let the other half ride until the long term uptrend is broken. Currently 200 day moving average is at 78. No stock EVER stays 67% above 200 day moving average forever. I will be shorting NTAP when a bearish candlestick appears. NTAP relative strength and stochastics are both WAY OVERBOUGHT. NTAP is above it's bollinger bands, and this is a HUGE shorting opportunity. Bearish candlesticks include almost any trading day where the close is lower than the open. Or, if the stock runs off the open and closes at the open. Stop loss set at the high of the bearish candlestick day. askresearch.com Good luck. messages.clubs.yahoo.com Ö¿Ö