Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: GTC Trader who wrote (12618)	5/19/2002 5:29:25 PM
From: waverider	Read Replies (1) \| Respond to of 36161

Yeah, I know. Trading is an excelllent way to make some money. But for me, the longer term thing is more realistic...as long as the trend lasts. AMAT may break above 28 just to wash out the shorts as everyone is looking at the same chart. That said, I think 25.50 is a nice quick downside target, then retest of May 3 low of 21.65. As with any short, I'd be quick to pull the trigger. wr

To: GTC Trader who wrote (12618)	5/19/2002 7:11:28 PM
From: t4texas	Read Replies (1) \| Respond to of 36161

"trading can be more profitable if done right" if one thinks a stock or group is in a trading range, then "trading done right" can be very profitable. however i have found if a stock or group is in a bullish trend or a strongly bullish trend, maximizing profitability by trading (selling and buying) the quick dips is trading done LUCKY rather than right. sometimes the "done right" can just mean done and out. two recent examples for me. i posted this stuff last year on sdII. i bought tk around 27-28. sold it at 33-34 something and waited for the expected pullback. the pullback wasn't as far as what i expected, and tk has been on the move to 40 ever since. bad luck or bad trading? tk certainly wasn't in a bullish trend at the time. another example was when i sold one-half of my nem stash in september last year at 25 and waited for some kind of expected pullback. i feel i was just lucky that i sold and nem announced the big mergers about a month later. it was nice to have all the cash to pick up the nem in the 18.50 to 20 ranges. nem's in a bull trend now, and i don't think i will be so lucky again. i think an example of trading done right was with mcd last year and until march of 2002. everytime mcd went below 26 i bought it, and each time it went above 27 i would sell it. it worked great until now mcd looks like it may be trying to move into a more bullish pattern. probably has something to do with the weaker dollar and mcd's international growth vs. domestic stagnation.