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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?


To: Joseph Beltran who wrote (6540)5/1/1998 12:06:00 PM
From: Paul Viapiano  Read Replies (1) | Respond to of 7396
 
Here's my reason for buying APSG last week (and a little bit more this week)...

I saw support at 12, plain and simple. It tested it many times before yesterday's break.

Another thing that prompted my attention was Lizzard's comments that he talked to the company and they affirmed that biz was on track. This was a major factor in my decision.

I also liked the numbers upon due diligence research.
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However, I think that even though SI is a great support group for talking with others about stocks, we have to be careful of reading too much into others opinions and trusting ourselves with the knowledge that we've gained through the years from experience, reading, etc.

One of the biggest problems traders have is letting others sway their opinion. This causes indecision which is very harmful to a trader's psychology. Sometimes I think it's better for traders to work in vacuum. Simply hit your entry and exit points and execute without indecision.

It's something we all have to work on.

Paul



To: Joseph Beltran who wrote (6540)5/1/1998 12:14:00 PM
From: Steve Louris  Read Replies (1) | Respond to of 7396
 
Joe are you still following SESI? I have been playing RIG the past couple of days, but looked at SESI chart and it looks good. It just needs volume. Maybe when big oil rests SESI will take off.
Steve