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To: Judy who wrote (14923)	7/18/1998 1:03:00 PM
From: Robert Graham	Respond to of 17305

Thanks for pointing this out to me. Even though I understand what you are telling me here, upon further thought, I still say the profit to risk profile is better with other stocks. Even though just about any stock with volatility can be played by the type of trader on this thread, why unnecissarly choose stocks with anything other than a very good profit to risk profile with regards to potential a stock has to move up in this bull market? Even if playing the short side, the potential for movement on the swing down by a stock would then be important. I do not think this is the case with UTEK where its 200 day MA is in relation to its bottom which has been validated. And it has not demonstrated the volatility that one would need for quick trades except for that news flash that popped the stock right into its 200 day MA. This stock has bottomed and will likely consolidate below its 200 day MA which gives at most the potential for a couple point trade. For that matter, IMO the trade on UTEK should of been to fade the move that it made to the 200 day MA, not play the long side. The pros where undoubtedly selling short at the top. When the stock gets above its 200 day MA, other strategies can come into play. I think those that have not already covered will be covering Monday, just in time for those long players to try it again. Any additional thoughts on this? I do find that many if not most traders I have seen here at SI have a very limited if not non-existent understanding of the risk and the potential profit of a trade that they make. Still perhaps this thread specifically on very short term trading will prove to be different? Bob Graham