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

To: LastShadow who wrote (719)9/28/1998 3:24:00 PM
From: Dave Shares  Respond to of 43080
 
DCLK

Are you looking to enter now that it has retreated from its highs, or are you of the opinion that there will be a better entry tomorrow or Wed. ?

David



To: LastShadow who wrote (719)9/28/1998 7:21:00 PM
From: Jay Lyons  Read Replies (1) | Respond to of 43080
 
Scott-

Could you take a look at AOL today for me? I played it as a Gap Up, with triggers at 116 7/8, 120. Had one trade in the A.M. long at 120 which closed flat (didn't hit 1 point for me). In the afternoon, I sold short at 116 7/8 and got the point.

My question...given that 118 held twice on the downside (9:40 and 1:10), was it correct to keep the sell at 116 7/8, or should I have moved it up to 117 7/8

TIA,

Jay



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