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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Leroy who wrote (19611)	7/19/1998 8:27:00 PM
From: Instock	Read Replies (1) \| Respond to of 79308

Leroy: I bought NPTA ( Long ) Friday. Caught a fairly good interday price of 9 3/4, Mid morning pull back from the opening run up in price. Closed at 10 1/8, so I am up a bit. IF I was NOT in LONG all ready , I would try to BUY about 15 mins after the open on the first good dip in price. If you play the Buy and then short, you will need to be watching the stock very closely, otherwise I would just wait for the short sell. The short should show it's self by mid morning, then watch to see what the lunch crowd does. If the price is dropping, around 12:00 to 12:45 est Short the sucker. If it is moving up, wait till apx. 12:45 to 1:15 est to short it at or near it's lunch time buyers peak. Mid afternoon should have a pull back in price. If it dropped with the lunch crowd, it should drop even stronger with the closing crowd. The object is to try to short it when you feel it is near a peak in price and you notice some softness in price/volume. If you cannot watch the stock closely, Short it at apx. 12:30 est as that should be near the high of the day, or a re test of the high. There is a chance that the stock will do well monday and the drop will not come till Tuesday, in which case you will want to be in( short ) sometime Monday or possably at the open Tuesday and a Long will be profitable Monday. I hope that all made some sense.... Now that I have said this, it probably will not work out as I said. If you have a question tommorow, post to me as a reminder. Once again, watch price movement and volume. Small rise on small volume usually means a drop is near. The way you approach the trade really depends on how closely you can watch the stock. Instock