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


To: Chris who wrote (14597)8/14/1998 11:28:00 AM
From: Lee Lichterman III  Respond to of 42787
 
Sell program just kicked in about 10 minutes ago and the NASDAQ and S&P are testing yesterday's lows. This should be the moment of truth.

DELL having problems getting over 108 has me bothered. KEA gapped up and is slowly losing volume on attempted upswing. It might make an abandoned baby today. I hate to take an 1/8 for all my calls but I may just have to chalk it up as an expensive lesson learned for not following my charts and letting someone talk me into a mistake.

Electric, Yes I plan on doing this full time. I am military and hit my retirement in 1432 days <ggg>. I have been having luck day trading options since I don't have the capital base you speak of due to my bloody recent divorce. Once I get my capital up I would probably switch to normal methods since they are less risky but options let me trade large cap strong stocks as though they are penny stocks, scalping 1/2 point swings etc. Of course this limits my picks since I have to stick with high volume ones like DELL etc.

I need to go check the SPOOs and indexes, TICK etc

Good Luck all. Nothing scientific but gut feel is selling the rest of the afternoon and closing rally to appease the masses that things aren't so bad. Relief rally starts Tuesday or Wednesday.

Lee



To: Chris who wrote (14597)8/14/1998 12:50:00 PM
From: Lee Lichterman III  Respond to of 42787
 
I know it is a suicide play but just picked up DELL 110s at 2 1/4. Lets see if this baby will turn around and make me a couple on my last day. <ggg>



To: Chris who wrote (14597)8/14/1998 5:57:00 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 42787
 
What's the story here? No one posting (hey, I'm guilty). I bought AOL for 104 3/16 today for a trade on Monday. My small Dell position just keep sliding. The volume is what really wipes me out though. I've never seen it so low. FAVORS says we are on the verge of a rally, and CLINTON booked airtime Monday evening. I can't wait for that. Best to all of you! Where's the stockbroker?



To: Chris who wrote (14597)8/15/1998 10:26:00 AM
From: Jan Robert Wolansky  Read Replies (1) | Respond to of 42787
 
Hi Chris, what's your read on the market? My impression is that we are almost done with the correction, with perhaps a turnaround in the next week or so, and that when the guys with the big money start buying, a good amount will also go toward the small caps. This is fine with me, since I prefer lower-priced stocks which can offer higher price appreciation over short periods of time.

Comments?

Jan