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

To: Junkyardawg who wrote (2413)	9/27/1998 2:32:00 PM
From: Nazbuster	Read Replies (1) \| Respond to of 7247

Lamar, Thanks for the heads-up, but one thing I HAVE learned so far is that any news after hours gets built into the open the next trading day and that trying to catch it is a good way to be sitting in a stock going the wrong way. I never know if a huge gap up will be followed by further buying, short term profit-taking followed by sustained buying throughout the day, or intense profit-taking because the rumor has insufficient substance to hold the price up for more than a few hours. Remember KTEL? 12 and change on Friday. In the 80's on Monday morning. Now at 7 1/2 after 2x1 split; effectively 15 relative to my example. What would you have done on Monday? Buy? Sell? Hold? Buy after the drop reverses intraday for the 1st or 2nd time? Not for me...