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


To: Jay Lyons who wrote (619)9/24/1998 11:00:00 AM
From: Nazbuster  Read Replies (1) | Respond to of 43080
 
Jay,

You did GREAT on Monday when you entered a bunch of issues which gapped down. You bought, even when the DOW was TANKING. Based on your posted prices, you apparently bought early in the day before there was clear upward volume.

What prompted you to interpret the gap downs as an opportunity rather than an indicator of further weakness from the prior Friday (which was down bigtime)?