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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Nicole Bourgault who wrote (44813)7/11/2001 10:44:27 PM
From: ajtj99  Read Replies (1) | Respond to of 56535
 
Nicole, it looks like BRCD may trade between 34-36 and possibly between 37 and 41 after the gap up tomorrow. You may be able to cover at open and make several trips between 34-36 and/or 37 and 40 to get your money back.

BRCD has been a pretty good "channel trading" stock. You could conceivably make as many as 3-4 trips a day on that stock in a "channel", selling at resistance and re-purchasing at support.

By JDU, do you mean JDSU? Juniper earnings are out tomorrow, remember.



To: Nicole Bourgault who wrote (44813)7/11/2001 11:30:54 PM
From: stormrider1  Read Replies (1) | Respond to of 56535
 
Nicole I would agree with AJ's post on your trades. I think tomorrow will be a day to go very cautiously. IMO many traders got caught buying in this last down-turn and will want out on the gap up tomorrow. We also have many shorts that are gonna get squeezed tomorrow, and coupled with day-traders sounds like a volatile opening. I for one will wait till the dust settles after the opening and see where we are going. Good luck :) Mike


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