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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: Scott H. Davis who wrote (918)	5/12/1998 11:10:00 AM
From: HeyRainier	Respond to of 1720

[ Chat ] Scott, I guess now might as well be a good time to try and start a habit of holding my stocks longer than 2 - 3 days. I understand that if I join the portfolio management team over at "XYZ Company", that my trading will be restricted and that I will need to hold a security for at least sixty days, and file the necessary paperwork to establish a paper trail of my market activity. Yikes. It totally will destroy me as a short term trader, so there has been a lot of thinking going on on my part about the pros and cons of advancing in this direction, particularly with this extraordinary performance I have been experiencing this year with my trading. For my AXC position, as it is currently my least performing asset, I have a tendency to want to eliminate those quickly so I can move onto the next situation. But the downside risk seemed compelling enough to make me want to stay with it and see how it develops. It's got a forced battle every step it attempts to move down. The bid size, for example has been quite strong for quite some time. But I don't like to rationalize my trades. I noticed that I will look at a stock ten times more seriously once my equity is on the line, and I immediately focus on the negative aspects of the issue at hand. What negatives do you see with this company? And how were you able to determine the insider activity you posted a while ago? Can you post the data? I could not find the purchases you mentioned in InsiderTrader.com. The most recent activity was as far back as May of last year: Sell..1,397,085...225,000..1 - C..5/30/97 - 5/02/97...6.21 6/97 Sell..301,750......29,000..1 - V..5/20/96 - 5/15/96..10.41 6/96 Buy...91,250.......10,000..1 - F..5/08/96.............9.13 6/96 Thanks for anything you can provide on this. Regards, Rainier