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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: gancho who wrote (6698)	10/24/2000 3:43:30 PM
From: Zeev Hed	Respond to of 30051

Gancho, I completely agree with Tim, if you have to be in the holy one, buy on a breakout of $15 (on volume), or buy on a retrenchment to the $11.25 to $11.75 with a stop just under $11. By the way, I just got into QCOM at $70-9/16, like yesterday, this one is just for a $2 to $4 swing. Zeev

To: gancho who wrote (6698)	10/24/2000 5:03:49 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 30051

gancho: My intent was not to confuse. It was to try and help and respond to your inquiry. However, what I won't do is say when and at what price you should invest / trade in a stock. I'll give parameters and you will have to make your own call. Every time (or at least it seems every time) I've recomended a stock with a price the stock moves against that time and price. We are all trying to make money here and most of us not at the expense of other posters. Most of us are civil and don't ridicule other's mistakes on entry and exit points. I guess its all a matter of upbringing. One thing a good investor learns is that no matter what the fundamentals one thinks they know, or no matter what one reads or thinks they read in a technical chart, they can and will be wrong. The good investors are wrong less than the poorer ones (or at least they minimize the damage when they are wrong). If one is a bad investor the market chews them up, spits them out and moves on to the next investor. It is not a zero sum game and it is a cruel market to the unwary. The market is always right and one can either go with the trend, wheter it be the market, sector or an individual stock or they can go against it. Going against it is not profitable. Many days I pay tuition to the market to keep me humble. However, one item I do constantly on any trade is evaluate the risk / reward. I can be wrong on both ends but this sets my parameters on any investment (I stopped being a long term investor earlier this year realizing this can be adverse to the long term health of my portfolio) and helps in setting entry and exit points. On VLNC "the holy one" oh oh here comes johnson up until today the risk is entering @ 12.5ish and a break of $11.5 (Zeev and I differ on the strength of this support) can lead to $9 to $7 pretty quick (remember when the break in Feb. let to $21). Lets say $9 so the risk is around 25%. The reward is only $15 the first resistance area. So at best the risk reward is 1:1. If you think the reward is higher just remember with this stock and any stock there is always time to get on board to ride 60 to 80% of the run. I'll try and catch the 60% move and avoid the 25% hit. So you can buy @ $15 on a break with volume another point johnson selectively omitts in his stalking of Zeev since a lot of risk leaves and you can catch a good portion of the move. Here is another chart, not PnF. Maybe this will help. 207.61.23.98 There are many ways to make money in the market and what works for me may not work for you and vise versa. The wholly one is a broken stock. Whether today signals a change will be determined over the next couple of weeks. Tim