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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (8276)	4/11/2001 5:21:13 PM
From: Sharck	Read Replies (1) \| Respond to of 19633

VNWK up NMSS down, I like them both. RIMM I was long covered for 2 pts, shorted but covered flat, spineless I am...

To: Tom Hua who wrote (8276)	4/11/2001 9:57:21 PM
From: Paul A	Respond to of 19633

Heya all.. Gotta change with the movement of the markets- over and over again I guess.. RIMM.. great.. Frickn alligator time again. I entered RIMM and CCMP with 1/3 the position because these things move 10-20 points on nada.. Im adding my second position to RIMM tomorrow, but im upset because I really thought this one was going to be cake.. :) I remember the days of 'betting it all' and I would always loss on earnings.. Ironically, since ive been playing the 'right' way and allocating etc etc, I seem to get every earnings call right on.. RIMM was refreshing because even if it did something silly like 30-35 in the next week, it would simply be a point to add.. Funny how easy that sounds, but how hard it is to really play it that way.. Im getting there Tom.. Slowly but surely IM getting the best of the street.. Nothing but a calculated risk.. mix in some emotion and pow.. I finally shorted VLNC before work at 5.77, and covered at 5.40.. It was a decent sized position since the stop was set just above 6, so I took the profit and now my 'mental' thinking is RIMM and CCMP are playing that profit.. CS I didnt want to sell but I just dont see any real direction/volume.. I thought it would explode over 13, but it just seems to be following the market, a few steps behind actually.. I like CS and AMD more than anything, but I cant go long either at this point.. I havnt a clue where this market is going short term, but I know long term- some of this crap has to shake out.. Oh- incidentally.. Chips upgraded this morning? Are they all stonned??? We got a pretty dramatic price drop this morning, and our company is relying quite heavily on mailorder and retail as opposed to the OEM side which was almost all of the companies business last year.. Too funny.. Im hitting MU probably tomorrow.. Another really really small position.. Id rather add more at 50 if it gets there, and again at 60.. but would much rather add at 30 and hit it hard wiht tight stop. If I had to guess longer term, I dont care how high this market moves in the short term- but there will be another drop.. Of course I dont think it was normal for the market to drop 100 points a day, relentlessly for four months- but there are serious problems out there. I want to see what CSCO does to impress people.. If we dont see it in CSCO than ill eat crow.. Watch MU get slammed again as demand dries and prices drop..