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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (32090)	9/1/1998 12:44:00 AM
From: Trader J	Read Replies (2) \| Respond to of 97611

Fear and Greed is correct....not necessarily in that order though. I have recently switched to a trading philosophy and have ditched my long term holding philosophy. For the most part, we are in a completely fundalmentaless market. It seems much easier to momentum trade that to pick the long term stalwarts....especially in these days of international fears and earnings restatements. My new philosophy is get into something that is running and hope to catch a few points, if it stalls or retraces, take the small loss and jump to the next. I have found that catching the riser and minimizing the loss on the downside makes for a good nights sleep and a fatter wallet. It is not the way I want to "invest" but it is much more fun and today's action plays right into my "game". I plan to slowly add some long term positions over time...but from now on I am keeping a large wad for my trading positions. Besides, I have always been a trader at heart. Good luck to all. Jeff