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


To: Judy who wrote (11981)12/20/1997 7:44:00 PM
From: W. Clinton Terry  Respond to of 18056
 
Judy:

Thanks for your post. I shorted at 84 and was looking for 75-77. I do not have a stop in, but may get out at the open Monday. I imagine that it is going to be a good up morning Monday, so that poses a bit of a problem, as it could get away from me. Alternately, I might open calls to offset AOL's rise in the morning, if it looks strong. I am never quite sure what to do in these binds and generally decided based on what the market is doing. Unfortunately, the market has turned on me after the first hour on a couple of occasions.

I am facing a similar quandry for CPQ which I shorted at 55 looking for 50 or lower.

Clinton



To: Judy who wrote (11981)12/22/1997 3:32:00 PM
From: W. Clinton Terry  Read Replies (1) | Respond to of 18056
 
Judy:

When you get a chance perhaps you could continue help me figure out how to get the volume information that I need. Since you mentioned Dail Graphs a couple of weeks ago, I found it on the Internet and am using it. It has an accumulation/distribution index which is rated from A to E. I assume that A is accumulation (buying) and E is distribution (selling) and that C is neutral etc.

I have also been using Schwab to track the volume on an hourly basis for the stocks I am watching. This however involves some manual work and is a bit time consuming, which I do not mind, but there should be a computer program that does this already.

I do not know how to locate block trades. Quote.com has a nice interactive site that allows you to see the block trades as they go by, but that is not much use for analysis.

I noticed in some of your posts, that you are asking a few other people about block trades on certain stocks, suggesting that they have a program that tracks the block trades. So in short, I am still searching around for sources providing the volume data in a readily usable fashion.

I sold AOL at the opening at a loss but will be watching it for a reentry. Jon Tara posted recently that his TA indicated it will be going much higher as it broke out of a flag on the upside.

Clinton