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Strategies & Market Trends : WELCOME TO THE CATHOUSE -- Ignore unavailable to you. Want to Upgrade?

To: sjemmeri who wrote (1048)	5/17/2002 4:31:19 PM
From: ivan solotaroff	Read Replies (2) \| Respond to of 1065

ELN Steven, Congrats. You hooked a cat that should give you a nice ride. There are two exit strategies, mine and Doug's. His is any break in the uptrend. Mine is "V+1," and it's been dependable. V = Volume (which is what you bought on), and basically you hold and watch until a day in which volume substantially exceeds any of the previous three days (which can include the signal day), then sell early the following morning (that's the +1). Generally, that high-volume day (V) will see a spike in price; that spike will alert the momentum boys, who'll pounce on it next morning, during which you can make another 5% or so. Then pick a top and get out; generally, you can optimize somewhere between 9:45 and 10 am. Or, you can hold on, though at that point, you're not playing a "cat" anymore but a momentum stock. I don't know nothing about nothing, but I do know they're very different animals. The cat bounce ends with V; whether that proves to be the first of many "M tops" (and that's often the case) is something I've never seen any way of predicting. Good luck and again,congrats. I haven't had a catride since WM and that was in January. Ivan