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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Don Williams who wrote (8507)	4/25/1998 5:59:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 120523

Position Trading Account: I plan to hold VVUS through any selloff up until 10.00 - below that I will exit and rebuy intraday, although if treated precisely as an end-of-day account, I would continue holding until 14.875. If it breaks that on heavy volume I will hold. For people trading strickly end-of-day, that is those who are not able to watch the intraday tick and need to set protctive stops, I would set it between 10.75 and 11.25, although at this point it still has a lot of upside, and being on the NASDAQ, that could cause a premature exit if the mm gets greedy. When the market begins trending up again, I will resume posting stops. If you place trade orders end-of-day, please message or email me if you are concerned about a specific stop, but tell me your entry price. I would caution novice traders against trying to time shorter term trades this way however. In response to some email and messages, I would like to clarify the difference between the Position Trading Account and the Watch Lists. Watch Lists are stocks giving indication (by various forms of analysis) of near term price movement. They are intended for intraday trading assuming one buys on entry signals (increasing bid/ask for half a dozen ticks on increasing volume). The Position Trading Account looks for stocks that are in the lower 25-40% of their yearly range, and have potential to double in the mid term (three months). For that reason, and as they are selected to represent a cross sections of sectors, there will be periods of up/down swings and horizontal correction. Some weeks will be more priftabl than others, and that is as dependent on the market conditions as thestocks themselves at times. If one trades this as a swing trader, they would exit something like TEAM a day or two ago, and reentered when it hits the next local minimum. If COTTF, for example, appears on the Watch List, then I am saying it looks good for local entry. As long as it remains in the Position Trading Account, it is also good for mid term holds. This seems to have created a little confusion for a few, and hopefully this helps explain why I may hold a stock during a minor correction in the Position Trading Account, and yet remove it from the Watch List. They are for different kinds of trading methods/abilities/timliness. lastshadow