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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: GS_Wall Street who wrote (6896)	4/10/1998 12:38:00 AM
From: Tech Master	Respond to of 19080

The Tech Master Crystal Ball Indicator has ORCL just under $32.50 for options expiration day.... Still looking for blow away 4th Quarter numbers, Tech Master

To: GS_Wall Street who wrote (6896)	4/10/1998 8:36:00 AM
From: SCourt	Respond to of 19080

Off topic - www.pristine.com is very interesting Hey Greg, Have you read all of their free education articles on daytrading and position trading? Sign up for their free 2-week trial. It's real interesting to read their daily trading chat sessions. These two guys are good (Oliver and Greg). To do what they do, you have to be a full-timer (which, of course, I'm not). I'm not trying to infomercial anyone here...if you're interested in reading more about short-time trading techniques/advice(with stock, not options) then the Pristine Trader is probably one of the better sites on the web. One thing that I have noticed about them is their ability to scan stocks and be able to pick good candidates to move on a given day. Sometimes they're 2 days early on picking a move but it tends to go up or down pretty close to the amount they guessed. Their greatest strengths as traders are knowing when to get out and knowing when to take a profit. From the logs I've read, they are not greedy in the least. They're more into pick and moves rather than "feeding at the trough" or becoming a "deer in headlights" when it's time to bail. Their latest article on how market makers operate and how to take advantage of larger bid/ask spreads to scalp points is informative not only for one of their trading techniques but also to see how MM operate (Goldman Sachs, Merrill Lynch, etc.) at the direct market Level II trading level. Also, go over to www.theexecutioner.com and download their demo video about a Nasdaq Level II trading program called The Executioner. What I have gained from all of this is a much better understanding of how markets work and how much discipline short-term trading takes to be able to survive doing it. I can see where daytrading and "swing trading" can make you a nice return, but I can also see a quick way to the poor house if you're not at least at the level of these two guys over at the Pristine DayTrader. I'm sure that many of their paid subscribers fail miserably when they stop following on the coattails of Oliver and Greg and decide to go it on their own. The techniques are the discipline that keep you from losing your principal quickly and not losing on a winning trade. However, the skill of reading the momentum of a particular stock on a particular day and picking the stocks that have a high probability of technically moving is the real ability and that is scary stuff when you're trading with up to $100,000 on a daily basis. Reading back over this has me convinced I sound like one of those "hot tip penny stock get rich quick posts on the Yahoo boards. ;-) SCourt - TA wannabee