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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Michail Shadkin who wrote (1927)	6/9/2001 4:03:28 PM
From: Walk Softly	Read Replies (5) \| Respond to of 6873

Thanks Michail.... I hate it when I get personal attacks from anyone..... especially from some people that do nothing but solicit others opinions.... and bring zero to the BB... I checked out the posts of the attacker.... there was no original material there at all..... Pump and Dump (P/D): the one strategy that works despite the market.... but, good ones (TIVO) don't happen every day.... which makes traders stretch their criteria.... and shorts can hurt in this market just as bad as longs..... Leadership: In an event driven market there are always up/down leaders.... Friday up was ITWO/MUSE etc down, JNPR/ELY etc.... if you don't know why you neeed to ask... mid-term NVLS XLNX CMVT etc are some of the new mid-term leaders... MS knows why, I know why..... if you don't know why, you need to ask... But, they weren't working Friday.... so to trade Friday, I look for the days leaders and their relatives..... it's all P/V related, both for shorting and longing.... support/resistance S/R.... usually the MMs defines these criteria in these AM.... if you don't know how this is done you need to ask..... By comparing intraday S/R with daily, weekly, bi-weekly, monthly, annually you can make educated guesses about the future days trends.... even before they happen.... Level II NAZ is useless.... why? you need to ask..... but I'll give you a hint.... when gambling Carribean poker against the house, why does the house have the advantage.... well the house can see your cards.... and you can't see the houses..... Level II is the same because of the hold back rule.... 2 + 2 = you know the leaders for the day (if you don't your a fool to play).... you know the S/R as defined by the MMs.... (sometimes they lie, ouch!!)...... knowing this stuff.... plus an education & 30 years experience allows you a few successful trades a day in an event driven market.... I'm talking 2 out of 3 winners..... there are some astute traders here at SI (like 2Mar$ and HotLinkTuna) and some BSers like Jenna (she literally writes a Bible a day, better for tying knots than trading)... some like myself have been here from the very beginning.... and know the good ones... MS is a short termer.... but, the P/D is a very sound strategy.... sentimentally I'm a long, but realistically one has to hedge to make a living here... Whipsawed: ..... I get whipsawed sure I do..... better to bite the whipsaw bullet than to carry depreciating positions into the horizon.... long term hope will make you penniless in this millenium.... Mostly folks you need to read and get an education before coming here.... how many here perfrm their own heart surgery? I've traded for a few foolishly rich people.... how'd they ever get that money anyhow??? in the 70s and 80s, 9/13% returns were acceptable.... as PCs evolved (and so to expectations of 30% returns) everyone got one and many have shown up here, even some I trade for..... I've had some rich tell me how to trade, base on on cocktail tips.... most are now losing their own money on their own PCs as I have refused to work for them any more... good luck..... the real spammers know who they are.... they offer nothing but nothing.... I know them well.... they chirp a comment here an inuendo there...still you never see a tradeable idea from any of them.... many of them have a lot of time and money also.... some are famous (they are real hard to handle).... but most of their commentary is cruel and mean.... their hallmark is they offer nothing but cruelty..... I go thru periods of posting and not posting.... I thought MS astute and worthy..... he's paid his dues.... for so many that have come (lost everything) and gone over the past 10 years on this BB (most of us longees started together on prodigy pre-internet)...... what always amazes me is the fresh batch of quick witted/mouthed spammers so willing to fling insults start trouble when they haven't a clue.... and then I spend part of a Saturday afternoon trying to explain the most rudimentary of trading strategies to some that just aren't worthy.... just kind of makes reason stare... and frankly, that irks me.... the good part is that their resourses usually are limited.... and after they've insulted everybody on the block and have figured out (if they ever figure it out) its actually EXTREMELY HARD to make money in the markets long or short..... yes after the quick witted lose it all.... they move on.... and, delightfully, we never ever usually here from them again...... man I could tell you stories of the trash mouth people I have seen move through here over the years..... and they are never missed.... because they came with nothing.... said nothing... and left with nothing.... except their cruelty....