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

To: Dave Shares who wrote (641)	9/25/1998 9:06:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 43080

Position Exits Market looks to open badly, hopefully creating some buying opportunities. These however would be intrday trades, as other than the following, the Position Accounts are nearly empty. AMD looks to open a buck down - I will exit to protect profits. TEAM looks to be leveling - if the stocks doens't gain my mid morning, its gone also That leaves PETM and ZITL, and will hold those for the moment. NEM would have been a good Gap play yesterday, but I wasnn't watching it. lastshadow

To: Dave Shares who wrote (641)	9/25/1998 9:08:00 AM
From: Dave Shares	Read Replies (2) \| Respond to of 43080

EXPERIMENTAL POSITION PORTFOLIO - SMTK In anticipation of a crappy morning, I'll revise my limit order for SMTK, set it at 7.00, and revisit the issue at 11:00 if the order doesn't fill.

To: Dave Shares who wrote (641)	9/26/1998 7:49:00 AM
From: Dave Shares	Respond to of 43080

EXPERIMENTAL POSITION ACCOUNT TICKER OPEN PURCH SHARES AMOUNT CURRENT CHANGE GAIN ROI DATE PRICE INVESTED CLOSE FROM OR PURCH LOSS TWLB 09/22 33.75 400 13515 30.88 -2.88 -1165 -8.62% LSI 09/22 13.50 800 10815 13.25 -0.25 -215 -1.99% WALK 09/24 9.00 1000 9015 9.00 0.00 -15 -0.17% SMTK 09/25 7.25 1000 7265 7.75 0.50 485 6.68% 40610 -860 -2.12% Lessons learned so far: TWLB - should have set a stop at 5% gain after big gain day SMTK - The chart was clear for a minimum entry at 7.25 on Friday, that should have been my guide I will post any moves for Monday on Sunday night or early Monday. I said I would keep losses at $1,000 or 2% of portfolio, I will set a tight stop loss for TWLB probably at the level of Friday's low, it looks to have hit a support level and may move back up. If it violates that support, it will cost me another $200 or so, and I will be out. If it moves from there, it may run a bit and cut losses or move to positive territory. I'll find out on Monday if this is a stupid move. David