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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?


To: Bald Man from Mars who wrote (17230)10/13/2000 6:35:00 PM
From: HandsOn  Respond to of 24256
 
Holy chit, came in the office after making dinner and see some ANALyst pumped GENU on CNBC. I just sold my 1k shares at 6 1/4 after it closed at 5 1/8. I don't think it is going to open at that level, most I have made so far in AH.



To: Bald Man from Mars who wrote (17230)10/13/2000 6:59:28 PM
From: amadeus  Read Replies (1) | Respond to of 24256
 
yeah, I guess I stopped holding anything very long a while back.
Keeps me always looking for the next one about to pop.
Doesn't work too well when nothing is popping to the upside, but I'm usually all cash when that is happening.
Course, when everyone else holding long was retiring with huge gains in Jan. and Feb. I was still selling too soon as usual.
But I guess that habit kept me safe through the last few months instead of riding the market down...

Seems like this market is made for swing trading..
If you hold it goes up down up down, and you get nowhere
or lose money.
If you can figure out the short term market swings
you can catch the 5 to 10% or more percentage gains and get in and out with your profit.