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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Robert Graham who wrote (6391)2/27/1998 11:15:00 AM
From: Larry Segal  Read Replies (1) | Respond to of 42787
 
Hello,
How does one interpret HD as a short term trader? The co. is healthy and no bad news. What happened?



To: Robert Graham who wrote (6391)2/27/1998 6:31:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
got your great email..

my initial comments is that i feel the same.. to listen to one's own charts and nothing else.

i think we are a fearing and "anticipating" earnings warnings and doom in the next 2-4 weeks. (i have that gut feeling too).. but i tell myself to maintain objectivity.

but what is bad is that i checked the VLSI weekly chart and i had a buy signal on it. and today it warned and tanked 20%.

for us technicians, earnings/warnings are our worst nightmare.

i guess luck has a large part of stock trading..

let me digest your email and reply to you privately.



To: Robert Graham who wrote (6391)2/27/1998 6:32:00 PM
From: Chris  Respond to of 42787
 
opps. ignore this post bob g.



To: Robert Graham who wrote (6391)3/2/1998 2:09:00 AM
From: raymond marcotte  Read Replies (1) | Respond to of 42787
 
bob,

your approach looks very well reasoned and makes a lot of sense. however, i have a difficult time understanding how you can abandon (sell) as part of a short term trade a stock that has reached your goals. many of them may be good for a run up for more than a year. don't you find you wish you had hung in there longer.

no matter how much analysis you do to protect against earnings and news surprises you cannot avoid the asinine impact of analysts. it seems as if in this nervous market, they have undue influence. when such coverage sharply tilts a stock downward and one can find no external explanation then there may be a steady source of bargains.

this is something i would like to study.

nice to read your approaches. they are very informative insight to a thought ful player.