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Strategies & Market Trends : Help me become a millionaire -- Ignore unavailable to you. Want to Upgrade?


To: victor pan who wrote (289)11/25/2001 11:25:43 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 583
 
>> It looks like that ITWO is a popular short on SI.

I plan to buy 1000 i2 tomorrow if the market is up and stays up through the morning. I2 has pulled back to the six level, which appears to be a support, after it had been resistance for a while. If it stays above 6, then I would consider it due for a bounce upwards.

I, too have embarked on an exercise similar to yours, though more modest. I am trying to take $4k to $100k through short term trading. I have done that twice before. Though I've given most of the gain back because I have held on to my long positions through this nasty 18 month bear. But I think the water is now safe again for speculation on the long side. And I also need to figure out how to hold on to gains, by staying out of the market in bad times.

Good luck to you in your heroic financial endeavor.

Sarmad