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Strategies & Market Trends : Level II Trading -- Ignore unavailable to you. Want to Upgrade?

To: DRRISK who wrote (214)	2/23/1998 10:25:00 AM
From: Bilow	Respond to of 1086

Sold 2300 shares of HRSH at 11 5/8, for a 1/8 gain over the weekend. This was too much risk for too little gain, so I will have to classify this as a warning, rather than a victory or defeat. Now that I've got my position down below the sweat level. I still have 1500 shares. My strategy is to trade dead cat bounces on the long side. In order to survive, I have to be very picky about what I get into. In addition, I don't think I got the best purchase price on Friday, and I know I put too much money on one too risky stock. Every now and then I spot a sure thing, but HRSH wasn't it. PMRP was interesting Monday, but I thought they had moved too far off their bottom, so I didn't chase them. In retrospect, that would have been a better move. This morning I bot 3000 shares of IVAC @ 8 7/16, looking for a short bounce. They have a lot of debt, a lot of cash, are exposed to SEA problems, good product, good growth, and are reasonably attractive at the current price. -- Carl