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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?


To: funk who wrote (1962)12/17/1997 8:09:00 PM
From: funk  Respond to of 12617
 
On holding stock over night...

Rules will always be broken, not with reckless abandon, but with (hopefully) thoughtful consideration. Now I admit I have had level 2 quotes for less than two weeks, but when inca was flashing huge bid sizes on danky just before the close yesterday I felt very sure that one of two things were happening:

Either I was seeing the tell tale signs of a GAPPA

Or I was being totally manipulated and suckered in for a down gap.

Looking at the performance of the day, yesterday, with the bounce in the fourteens and seeing the very large bid size at 13, 13 1/16 it clicked for me and I bought in and held over night and didn't lose sleep.

If the stock wasn't already beaten down over 50% and if it didn't have earnings and so on...

I think it is safest to not hold positions over nite, but for me this one made sense.

funk



To: funk who wrote (1962)12/18/1997 12:07:00 AM
From: TFF  Read Replies (3) | Respond to of 12617
 
funk: I haven't given that site a good shot yet.Will let you know when I do.



To: funk who wrote (1962)1/2/1998 2:55:00 PM
From: dennisp  Read Replies (2) | Respond to of 12617
 
What about trading program software like OMNITRADER and MetaScan and the others? Could those who are or have used them maybe share their experiences using these programs? Also who all daytrades some the oil and oil service stocks ( an area I am attracted to).
Thanks,
D