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

To: Voltaire who wrote (26791)	12/21/2000 4:41:50 PM
From: im a survivor	Read Replies (2) \| Respond to of 65232

exactly why I am not "settled".....That order should have been filled. $100 bucks says I could have sold for a quick double on any strength tomorrow......watch those calls go from 1/4 - $2 and back down....surely I could have gotten out with a nice profit had they filled me at 1/4, but noooooo......screw me, the little guy. Feel good about my sndk purchase....shoulda bought more atml when it was at $10....oh well.......so you selling tomorrow into the strength, huh.....but dont you keep saying the next few months will be huge....a 75% increase in most tech stocks....if you really believe that, why sell....why not just buy the weakness and wait for your 75% rise......

To: Voltaire who wrote (26791)	12/21/2000 4:52:21 PM
From: Bob Pittsfield	Read Replies (1) \| Respond to of 65232

Hi Tom, Glad you had a good day trading NEWP but I have a question........"People need to be ready for THE LOWERING." What the heck does that mean? I would like to be ready for it, what ever it is. ROTPLMAO Bob

To: Voltaire who wrote (26791)	12/21/2000 9:07:52 PM
From: Jill	Read Replies (1) \| Respond to of 65232

Hola Tom... I've really concluded that for the time being, maybe it's good to be half in the market for ltb&h--like your rambus--and just ignore that, and keep the other half for trading, IF you want the income (some people here don't want/need it). It's such a relief to have your trading income in cash at the end of the day, to book your profits in the morning whatever they are. Then yo don't have emotoinal highs or lows because you enter the day neutral, and whatever it brings, you make $ off that. There are some superb shorting experts in "da room" and I plant o learn how to do it, not because we're in a bear, but because we're always liquid and volatile and I need to learn both sides. I have't gotten Qcharts yet because everybody hates them and calls them Qfarts, they're always screwing up, but also, in "da room" I can ask O.J. for any setup and he'll tell me. So I haven't learned it myself yet. I do use medved's quotetracker which hasa real time portfolio for me with 3 second refresh, that I set up; plus level 2 if I want to see it. I couldn't trade w/o that and O.J.'s room. The combination (he lets us know what the futures are doing, on what volume; what P&F triggers are for long and short on a stock etc--). That gives me confidence, nonetheless I've been trading very carefully, and scalping for points, rather than letting things run because we're so volatile. Look at NEWP, traded up, traded back down. I left at2 p.m. today. I'd already made my "day's pay." You take that off the table nad you feel good. One can set up a trading account w/ whatever capital one wants, and use 100% marginf or these intraday trading plays, because you set tight stops, and you never lose very much that way. I haven't used margin intraday at all but I can see the point of doing, but I still want to gain more confidence. I haven't lost when I've done this, though, because I watch the trading range, and I zip in and out with limit orders. As OJ has pointed out this adds up to an amazing income over the course of a year. And frankly you don't have to do it every day and you don't have to do it the whole day either. If you have a good hour close up shop and go home. There are of course the typical day's trading pattern ssuch as: gap up or down the first 20/30 minutes, the 10:00 "reversal period"--often if we've gapped up, a retracement...another reversal period before lunch, the lunchtime doldrums...etc etc It just means restraining greed and impulsiveness. Like when I l eft at 2 p.m. the lunch hour had held strong so I knew there "Might" be a rally that I'd get left out of. but I've finally learned my lesson after doing that a few times recently. I am not going to "invest" my trading $. And the market did sell off. We dodn't know what lies ahead. But a lot of good stocks have been killed and are cheap now. I think JDSU's a great value, so is CSCO, INTC, etc. These are not dotcoms. Our favorite trading stocks are too bloated (newp, rbak, beas) to do longterm.