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Strategies & Market Trends : LindyBill's Ballroom -- Ignore unavailable to you. Want to Upgrade?

To: Mathemagician who wrote (6)	9/29/2001 5:07:46 AM
From: LindyBill	Respond to of 248

I just don't like being out of the market. And Boy, did that attitude cost me a lot of money as a LTB&H Bull! That SEBL position could work. My attitude is that I can get hurt long, but not short at the moment. If I am locked in for a few days, waiting to hit my goal, I want it to be a short lock. The play I made today with Brocade is exactly what I would love to do daily. Short an up move and close it out low the same day. A small nibble on a big chunk. I went to the beach afterwards and enjoyed the water and the glow from the win. Won't happen too often, but it sure was nice!

To: Mathemagician who wrote (6)	9/29/2001 10:24:44 AM
From: Dominick	Read Replies (1) \| Respond to of 248

mathemagician: Although I don't see a lot of selling volume to indicate a selling climax, it is at the bottom of the the weekly and daily downtrend channel and seems to have found some support. It appears you'll see 17 to 20. Good luck, Dominick

To: Mathemagician who wrote (6)	9/29/2001 3:14:43 PM
From: OZ	Read Replies (2) \| Respond to of 248

Stop is set at 12. Target is 15-20. i.e. at 15 I will increase my stop to lock in a small profit Ahhhhhh. It is so refreshing to see some trading with actual risk management involved on at thread with Gorilla Gamers on it. Trading with the eyes open and reacting to what one is seeing is so much better than just hoping the pain will go away any time. Oz

To: Mathemagician who wrote (6)	9/30/2001 5:04:56 AM
From: LindyBill	Read Replies (3) \| Respond to of 248

You know, Math, you and I seem to be "apples and oranges" on how to play this market, and, I think we analyze it, we will find out why. Lets use your buy of SEBL as an example. You went long at 13 with a goal of 15 to 20. That means you are looking at a short term return of 13% to 53% on SEBL. What I see is: 1)A weak 2B market 2) A PE that is still too high 3) A crisis situation in flux 4) A "Gut" that says SEBL is much more likely to go down to 10 than up to 13. 5) A "Gut" that the market is flat, to down, to possible sell off to a 1200 NAZ. (On this point, we can both gather reams of evidence that the market is going either way.) Remember, SEBL only went up 0.2% Friday while the NAZ was going up 2.6%. That does not indicate much strength. And Tom Siebel is bad-mouthing his own company every time he is quoted. Plus a downgrade last week by Suntrust. The "Spread" Friday on SEBL was 97 cents, which is about 7% of what it opened at. That is a little less than I like to play with for a day trade. Brocade's was a 1.19, only 8%, but a little easier to clip 34 cents on, which is one of the reasons I day-traded it Friday. My play on SEBL, if I make one, will be a short at 14 with a cover at 12, with the idea that I could close it out in a week. I would stop at 16 for now, and lower that stop down. This is the kind of discussion I would like to have on this thread. The fact that you and I are looking though opposite ends of the same Telescope is fine. That is what makes the market move!