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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: jeff wheatley who wrote (11209)	12/12/1997 12:59:00 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 18056

Hi Jeff, I do have a long portfolio of stocks I have owned for years. This portfolio has stocks that I have reasons for owning and when the company breaks that reason I dump it. An example is BA..If they become number 2 in the commercial aircraft business I will sell. Now this is for trading longer term than most. I will hold a trading position until it breaks its up trend and an up trend could go on for a long time. Now I short stocks with the inverse conditions. Up trend..I like to see a new monthly higher high..this probably means institutions are accumulating. I watch the weekly higher highs for momentum also. Stan Weinstein wrote a book called "Secrets for profiting in Bull and Bear Markets" which gives guidance for buying and shorting. I integrate this into my decision making. I have been using this book as a reference since the 80's. You can get it cheap in paperback. This book will help one to make low risk trades with high rewards. You would have made money on Netscape, IOM, etc. both on the upside and down side. One thing Stan helps you think through is the big picture, market, sectors, etc. He also guides you through the specific stock. I also like to look at the stocks behavior in the past. Looking a bull and bear channels helps. I like to see the fundamentals improving earings, revenues, etc. Joan