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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: besttrader who wrote (25827)	6/1/2001 7:30:24 PM
From: Frederick Langford	Respond to of 37746

In this kind of a market, even if you make the wrong decision, a day or two later, even an hour or two later, you can look like a wizard. The one thing I've noticed about this market is it's kind like South Florida weather, if you don't like it, wait a little while, it will change. Sometimes a hard and fast stop is not your friend. Trading stocks with familiar patterns helps to know when to hold or fold. I am trading smaller lots so I can hang onto some trades that may take take a day or two to pan out. Often the payback is worth waiting for. It also allows me to buid a position, like I did with AMAT, PMCS, and BRCM. With all the good news from ONIS, it was bound to pop, even with insider sales abounding. It was just a matter of time. I am still very bearish on the communication semi's such as BRCM and PMCS. I see any bounce as a reason to get short or buy Puts. Mister Magoo has better visibility than the companies these guys depend on. Fred

To: besttrader who wrote (25827)	6/1/2001 7:31:48 PM
From: Frederick Langford	Respond to of 37746

In this kind of a market, even if you make the wrong decision, a day or two later, even an hour or two later, you can look like a wizard. The one thing I've noticed about this market is it's kind like South Florida weather, if you don't like it, wait a little while, it will change. Sometimes a hard and fast stop is not your friend. Trading stocks with familiar patterns helps to know when to hold or fold. I am trading smaller lots so I can hang onto some trades that may take take a day or two to pan out. Often the payback is worth waiting for. It also allows me to build a position, like I did with AMAT, PMCS, and BRCM. With all the good news from ONIS, it was bound to pop, even with insider sales abounding. It was just a matter of time. I am still very bearish on the communication semi's such as BRCM and PMCS. I see any bounce as a reason to get short or buy Puts. Mister Magoo has better visibility than the companies these guys depend on. Fred