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To: Connor26 who wrote (3696)11/6/2000 3:45:07 PM
From: Jerry Olson  Read Replies (1) | Respond to of 8925
 
IWOV sell signal at 110...



To: Connor26 who wrote (3696)11/6/2000 11:17:06 PM
From: SMALL FRY  Respond to of 8925
 
Hi C26,

BEAS - how did you know I shorted? <LOL> I try not to miss the opportunities once presented and I did not miss this one either... I covered all except for couple hundred shares.

As I have harped over and over, that there's beauty in just playing a few stocks over and over, up and down, day, swing or position. You'll get to know tendencies, habits, etc... and on a flat market, you can even amuse yourself by trying to guess the MM's next move without a bet, of course. :)) That's a bit of a stretch but it's more fun than researching a handful of new stock every night and trying to condense a month's worth of activity into 2 hours of "scratching". Been there... done that! Not the way to go; it's the quick way to cleaning out your bank account... JMHO.

Mo-mo is mo-mo and one bad thing about them is you never know if you're getting in at 25, 50, 75 or 95 percent of the momentum... heaven help you if you bought at 100% (TOP). :)) Mo-mo is always the place to scream as loud as you can and dump while the other guy is willing to take them off your hand!!! Not the best way to do it... but there's still that GREATER FOOL theory, and some people have never learned to to trade past that...

All the best,
SF