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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: bobby is sleepless in seattle who wrote (709)12/27/2000 10:33:51 PM
From: Susan G  Respond to of 5732
 
BEAS, such an unpredictable BEASt <g>

I learned long ago after much frustration that trading in and out caused me to miss the big moves, and usually buy at the high before a pullback... BEAS always seems to gap up on strong openings at the close - two times you are usually not it in if just daytrading. Instead, buying in the am after the early pop usually causes me to have to hold my breath all day, through the dips, waiting for a small pop in the afternoon.

It was Small Fry who taught me to buy long only when the stochastic was oversold, and I've traded it better ever since. Barring those surprising tankolas that catch us by surprise sometimes LOL

This is why I find myself RARELY without this stock! Grabbing it on one of those really down days when it's oversold always seems to pay off big within a day or two, and it has a frequent pattern of two up days and then a down or consolidation day.

The best way to trade it seems to be trading around a core position bought at the lows. I still have those $49 shares from a few weeks ago, but have bought every good dip and sold every good run since then with trading acct shares. I find it helps me to avoid chasing it or buying the high, as I don't feel the train has left without me, due to those longer term shares appreciating even if I am out of my trading shares. And it also makes it easier to take profits, knowing if it goes up further those shares catch the rise. And dips don't bother me because the long term shares have a nice cushion...I do keep a trailing stop on them though, so if it sells off hard I can keep the profits and buy them back lower. I'm going to do the same with the HAND I got yesterday, keep the under 31 shares and trade around them with others.

I took profits late today FWIW, after watching it battle huge resistance at 75 all afternoon. Betcha it gaps right up through it in the am, just like it did last week <g>

Seemed a little tired by end of day, but positive money flow was huge. The sudden new strength and interest by traders and institutions is really something. Hardly anyone traded this 6 months ago, now it's got real momo <g>



To: bobby is sleepless in seattle who wrote (709)12/27/2000 10:36:25 PM
From: Susan G  Respond to of 5732
 
NCBC a turtle with a nice chart...could be one with jetpack potential<g>

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JNIC getting ready to move up? another nice move today

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RESP beautiful breakout out of a long base today

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PXLW Looks like the post unlocking selling is over, quite a move today (one of my favorites, I'm long from right around 22)

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PIII also looks ready to move, breaking through resistance here

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