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

To: dj8000 who wrote (1270)	10/15/1998 9:02:00 PM
From: LastShadow	Read Replies (3) \| Respond to of 43080

A new kind of list: Seems we have pretty much covered the Gaps and Trendlines. Keep posting your questions and victories/defeats with them so that the others can share in that experience. I'd like to move to another topic. I have generally refrained from posting short positions for two reasons: I don't do them a lot and they can be a little trickier to play. Be that as it may, it is fundamentally the same screens and analysis. Some stocks actually provide a lot better return just shorting them, and lately, with the volatility of the markets over the last few months, there have been several 'Positional Shorts' that were great. So here are the lists - the classical Long Watch List, all screened for potential Position Trades, and then a Short List. There is one caveat for the short list I need to emphasize. These particular stocks were chosen not because they already started a reversal, but because they all jumped inappropriately with today's interest rate news, and are therefore ripe for some profit taking tomorrow. I don't recommend anyone play them (on the other hand, I intend too), but more to watch them. Some will correct horizontally, and some may have some steam in them for other reasons, but all should correct down at some point intraday. These also had more than 100% the average volume of the last 5 days. It is possible that some of the longs are in the same basket and will correct down. ADBE is an example of one in both buckets that could swing either way. Technically it was excellent. I generally don't separate the longs from shorts on the intraday ticker watch lists until after I see where they are going. I look for movement, not predictive correctness, and go with that. yea, I know, blah, blah, blah,,so forth and so on and scroll past all this to the lists... Longs SYMBOL CLOSE CHANGE CHANGE % ADBE 35.562 3.187 9.85% USW 58.75 3.312 5.98% IIT 8 0.437 5.79% MCD 67.062 3.375 5.30% IBM 136.5 6 4.60% SCH 44 1.437 3.38% IMNT 26.125 0.75 2.96% BGEN 70.5 1.375 1.99% Shorts SYMBOL CLOSE CHANGE CHANGE % RATL 18.062 3.312 22.46% USWB 13.813 2.5 22.10% NMGC 13.437 1.687 14.36% NT 35.625 4.25 13.55% INTU 46.656 4.531 10.76% AOL 105.687 10.062 10.52% BKS 27.687 2.625 10.47% DELL 58.062 5.312 10.07% ADBE 35.562 3.187 9.85% AXP 88.5 7.625 9.43% CSCO 56.937 4.812 9.23% OSSI 27.875 2.125 8.25% UAL 65 4.75 7.88% NEM 23.5 1.687 7.74% GM 56.062 3.875 7.43%

To: dj8000 who wrote (1270)	10/15/1998 9:05:00 PM
From: Dave Shares	Read Replies (2) \| Respond to of 43080

Please remember that options expire TOMORROW Scott, What a day. Entered NWAC, which I identified as a zig zag play. Exited for 1 9/16 (I know that this is not a daytrade thread), it had stalled and I wanted the quick profit. It is probably a good hold. Can you look at CREAF. I entered at 10 earlier in the week (premature), but I am very encouraged that it passed 10 1/2 and held. Entered FGII (did not get entire fill), as it is now a zig zag play long. Entered BEAS as a zig zag play from yesterday. Did not enter AZO from watch list. Too bad Speaking of Watch Lists, I still have this problem with AOL and cut and paste, and I think any watch list would be subject to error because of all the jumps, so I think I'll pass except to look at what I have already posted, maybe not until the morning, got some things to do. Thanks to everyone for the info on real time charting. How about Tom Sterner's FOSL ! Peace, David