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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (435)	9/16/1998 5:29:00 PM
From: Jeff Sutton	Respond to of 43080

Stopped out of NSCP today at 22 1/2, much to my chagrin ... but I couldn't watch the tape today, and I've lost too much money recently in this volatile market and have vowed to set tighter stop losses. Oh well, a 7/8 gain is better than nothing, and I'll probably get another chance at NSCP. In a bull market, it pays to hold ... in a bear market, it's safer to set stops. In this market, who knows?

To: Susan Saline who wrote (435)	9/16/1998 5:44:00 PM
From: Jay Lyons	Respond to of 43080

Susan- Glad that NSCP is working for you. I know what you mean about playing SEEK, et. al. I did alright day trading back in those glory days, but my biggest score was buying YHOO just before a week vacation. Biggest score to date. Began to think that I was one hot trader until the market turned and I found that shorting is more than going long in reverse. That's why I am so focused on the Gap Stratagies...win or lose, I can finish the day and measure my trading against a method. Gaps worked beautifully today: AOL triggered at 98 5/8 YHOO at 86 3/8 GE short at 80 and out with 1 point (Thank you AG) Jay