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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: John Sanderson who wrote (631)	3/4/1998 12:51:00 PM
From: Ken Wolff	Respond to of 2120

Hi John, Ken do you have any rules or set patterns for stocks that lose or gain 50% or more in one day? Seems like the 20% rules would not apply. I play "over-reaction" type trades mostly the same although 50%ers do not happen frequently enough to reinforce any consistent patterns. On 50% losers, I would look for an uptick at the open. I will buy on the uptick. Then I sell at the pause and look for a pullback to the low or lower to go long again. I don't like shorting 50% dumpers. I keep very close stop on these types of plays too. On 50% gainers, I would short at the open on then cover at the first pause down no matter what as (depending on the market) they can easily run with a strong market and a strong story. Ken www.mtrader.com