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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: Cary C who wrote (4076)	1/23/1998 4:34:00 AM
From: LzzrdKing	Read Replies (3) \| Respond to of 7396

I think APCO is going to make a run into earnings if the market lets it.

To: Cary C who wrote (4076)	1/23/1998 11:03:00 AM
From: TATRADER	Read Replies (1) \| Respond to of 7396

Hi Cary, good to hear from you....I remember DBDY all too well, learned some lessons there....Made enough to buy a car on one trade there,(not a Yugo, that is what Lizzard's grandma gave him for his B-day), and then gave some of it back when I went against my disciplines, and re-entered....My only regret is that I put my sister-in-law in DBDY with a small position, and she lost money on it...I plan to pay her back for her losses... APCO 1) On NASDAQ stocks, you calculate shares, not in virgin territory, and multiply by a certain number(Obviously it is higher than 1 or you would'nt get my 3 million figure)...But you may guess that number since, you have already done some adding...There are a lot of reasons for this higher number...Some people entered a lot lower, and are taking their profits because they know this is a resistance area, day traders know the area, and will buy and short around it....You may even get discouraged when you see it muddle around at these levels, and go nowhere...So maybe you'll sell...I am sure there are other reasons, but these are a couple... 2) A. All that volume and the stock closed lower than its open B. If accumulation, stock should have closed near its high.... C. Ascending flags are signs of distribution..A flag should go down in a firm uptrend.. D. Original Trendline was broken by 3%....The top of the trendline is at 7.50....The stock could attack this level but i say it will be repelled and shorted by the pros if that happens... Regards, Mark P.S. I am not disputing that this is a good company, it may be great for a long-term holder...But remember I am a short-term position trader now, so my time horizon is different than yours on any stock...