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To: Murrey Walker who wrote (9794)1/11/2002 8:03:33 AM
From: William B. Kohn  Respond to of 10934
 
I'm kind of thinking that it will go all the way down closer to $10 to close the gap back a while ago. I'm short NTAP at the moment and am playing the stock swings both ways. Because of the high beta in this equity, I use it as my primary trading vehicle. I can make a number of $0.3 profit trades in most given days and I try to ride the trend. Since I believe we've peaked and the trend will be downward, I try to end the day with the same short position I entered the day with and yet make something on the swings.

From a day traders position I watch the Comp, the peer companies, MSFT, SUNW, and ORCL along with momentum indicators like the NASDAQ TICK and TRIN to help me decide when to pull the triggers.