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


To: im a survivor who wrote (7346)10/11/2000 4:04:41 PM
From: CAtechTrader  Read Replies (2) | Respond to of 65232
 
They arrest the good girls too when they raid the bordello. The market was shooting first and asking questions later. I am sorry if it hurt today, but it is a gift for those who wanted to buy more. I love to buy stocks that go down on sector news that really does not affect them. This is the case with QCOM...the whole sector is down, has nothing to do with someone "knowing" something about QCOM.



To: im a survivor who wrote (7346)10/11/2000 6:12:09 PM
From: Jill  Respond to of 65232
 
Keith, don't forget this has become a trader's market and very profitable for a trader--there are certain resistance and support levels on charts and if something breaks through support, then shorts come out. It's just the name of the game and why there's such volatility. This a.m. I was talking to Volts and a bit upset myself (hee hee hee) but I noticed Brcm was down to 201, and I tried to put in a limit to buy some calls...today it was down 10 then up 10 then closed fairly flat...those calls doubled intraday--I can't possibly be the only one trying to do that (my limit missed by a hair)...thus the enormous volatility

If you're feeling awful, one thing to do for peace is just sell a good chunk even at a loss but you knwo the cash is yours

And/or you can position trade some of it--I did that with orcl too the other day when it first sold off, down to 60, closed up at 69 later in the day--every stock is manic depressive