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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: jawd who wrote (806)	7/8/1998 9:44:00 PM
From: Jerry Hall	Respond to of 1729

Good move, I just never hold anything over night, I am never this lucky. Jerry congrads

To: jawd who wrote (806)	7/8/1998 9:49:00 PM
From: Tim Luke	Read Replies (3) \| Respond to of 1729

After day trading for so many years I have found it much better to position trade.

To: jawd who wrote (806)	7/8/1998 11:25:00 PM
From: Darren	Read Replies (2) \| Respond to of 1729

Low and behold - the things gained 16 after hours on Instinet and looks like a real go-er tomorrow. Should be suprised if it closes 30 points up tomorrow. Hate to be the butthead curmudgeon, but what if this is the classic "buy-on-the-rumor, sell-on-the-news" strategy that takes YHOO down about 20. If you need a recent example, take a look at BBBY on 6/25. Beat earnings, 2-for-1 split and the stock just plain tanked. YHOO has the potential to do exactly what you expect, especially considering the recent climate for Internet stocks, but with such a trade I think you cross the line between trading and gambling on the big kill. The one variable that was going your way was that YHOO has always crushed estimates. I'm rooting for ya, but I get antsy buying INTC or MSFT before earnings, much less one of these internet stocks. This is the answer to the classic "When do you hold overnight" question. Answer: Times like this buddy... times like this! Man, I hope you are right. I hate to see grown men cry...