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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (4253)	5/21/1998 4:32:00 PM
From: funk	Respond to of 12617

If you absolutely MUST own the stock, blow it out at the close and buy it back at the open. 9 out of 10 times stocks will pull back at the open before they shoot higher anyways. So very true. One tactic that helps eliminate the danger of getting caught in hype, is to let the room identify the stocks on the move and then to stay away from them, until those stocks fit my own strategy. Some times they never do fit, sometimes they fit the next day. funk

To: TFF who wrote (4253)	5/21/1998 4:52:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 12617

Well, I never did get back any suggestions on what to do with neot or neotw yesterday, so had to go it without any advice. (I don'tdo irc, had to rely on soley on SI). A: Sell 2/3rds, put stop at the price you got in at for the remaining third. This seemed to be the easiest way to handle things psycologically for me--I did not have to worry about being left out if it gapped up, but on the other hand even if it went to zero I had a gain. Putting in the stop loss meant I did not have to watch the chart today (altho I did). For awhile I was hopeful that I wouldn't quite get kicked out, but in the end I actually got kicked out 3/8ths below my stop loss order. All in all, a good experience, but I'm not sure that I want to try it again any time soon!