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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (2784)	2/28/2007 12:18:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 20435

Look at the daytrader's chart of Curagen over the past few days. Trending down badly, then snapping back up and going from $3.6 to $4.2, boy that's a sweet little move. On the heels of a big drop, 100% cash looks like the smart money--but it isn't (although it's the right choice for me). Cash will be enough to win me another star, but these next six months will be the realm of the skillful daytrader --volatility trading. Unskilled traders will lose a lot. I'd lose a lot if I tried to play. Even swing trading, which I believe is trading on a time scale of several weeks to months wont look nearly as good as daytrading. I seem to remember hearing that volatility had declined and declined. Snap! Now it increases. I'd be daytrading if I were any good at it. But ask me what Curagen was going to do at $3.6-- I'd have guessed 'down more?'. Sure enough it snaps upward; rubberband stocks. In the real world of my portfolio, as of last week I am siting in 2/3rds cash and wont play for six months.