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

To: SpecialK who wrote (587)	9/23/1998 4:00:00 PM
From: Susan Saline	Respond to of 43080

It's a bet on follow through in the am .... the net stocks have been strong. I am not one to play the gaps. When they gap up, I look elsewhere's. NSCP is a position hold, on renewed strength of late.

To: SpecialK who wrote (587)	9/23/1998 4:06:00 PM
From: LastShadow	Read Replies (3) \| Respond to of 43080

Exited XCIT for 3.25 points. With this kind of day, I am a little wary of forecasting a following strong day. My expectation is that the market may gap some in the morning, but a selloff, or at least some profit taking is due. (Hey, I took mine, I expect others will soon). My daytrades were worth 7.25 points in total today, and the Postion trades were worth over 14 points. I had a mental stop of 46 for PIXR, but didn't pull the trigger. My strike on AOL at 115.5 (20 points higher than entry) almost made it today. Tonight I will do some serious consideration of what to stocks should be exited tomorrow. I seriously doubt that I will even bother running the net or TA on most of it, though, as it would be generating lots of entry signals into a market I think is overbought. The fallback strategy I use is that if I'm wrong (this happens a lot, btw) and the market is strong tomorrow I can always play the gaps and just sit on the Position trades another day. lastshadow ps - Jay - NOW is when you can be ecstatic...