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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (12174)	7/15/1998 10:40:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Yes. I was there at the initial drop. Not having a plan in place to handle unpredictable events I tried to manage my way out of it as though it was a long term trade. But then I would of approached it from the beginning differently as a long term trade. This is when it became clear to me that two market players can end up with opposite decisions on the same stock depending on their time frames. After the initial selloff where I had already lost a good part of my money, I discovered covered calls. Looking back at it now, and seeing how well the market continued to do, the best thing for me to do was to cut my losses anyway and move on to better stocks which there were many to find during that time of the market. I think I would of been able to make up my losses by now. The most difficult thing for me to have done back then is take that incredible loss. I have traded long term on and off for years and never have had to take a loss like this. The largest loss I have ever taken has been about 15%. Since I have seen the stock bottom., I have just been biding my time writing covered calls until I find myself in the position where I can actively participate in the market again. But if I were to do it all over again, I would of taken my loss right after the initial selloff. However I did not understand this back then. Bob Graham

To: Judy who wrote (12174)	7/16/1998 8:56:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

Hello Judy! I wonder if you can throw in something here regarding your two moving average approach to momentum stocks. Which two EMAs do you use? What technical conditions selects a potential play? What are the entry and exit rules? I understand your approach includes fundamentals, institutional money flow, and market sentiment. But what I am looking for specifically is some details on the technical/charting aspect of your approach. I remember you referring to your two EMA approach in the past which I thought was an innovative way to address the momentum aspects of a stock's trend. Thank you! Bob Graham