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


To: Jay Lyons who wrote (2134)11/5/1998 9:23:00 AM
From: Jay Lyons  Read Replies (1) | Respond to of 43080
 
If anyone wants to play along, I'm going to watch RL, RD, BDT, and MIFGY (I know, Scott, to many letters) this morning.

Also, CSCO is trading down a little premarket, may be some profit taking and the resume up.

Hope everyone has a profitable day.

Jay

EDIT: CSCO now back over close.



To: Jay Lyons who wrote (2134)11/6/1998 9:19:00 AM
From: Jay Lyons  Read Replies (1) | Respond to of 43080
 
Downgrade Strategy (5)

Symbol  Close     Open     Low       High
RL 23 7/8 19 1/16 18 3/4 20 1/4
MIFGY 19 10 1/8 10 1/16 12 1/4
RD 49 13/16 48 1/16 47 7/8 48 11/16

BDT 9 15/16 8 3/8 7 5/16 7 11/16


1. Hard Gap down
2. No further drop
3. Large volume

Of the four stocks that I posted before the open yesterday, three were easy money. (It's getting harder to just watch them, but I'm trying to be a methodical guy) BDT opened and just kept dropping, so it wouldn't have been a buy, but even buying all four at the open with 5% stops would have paid off. The winners could have been sold at the close at a profit, although they were all higher at some point in the morning than their close.

Jay



To: Jay Lyons who wrote (2134)11/6/1998 9:26:00 AM
From: Jay Lyons  Respond to of 43080
 
This morning I'm going to watch SGO, ELT, SEW, and NTPA for gap down/bounces. I'll also watch GERN to see if their might be a shortable top, like there was in Entremed. (Not predicting, just observing)

Have a good day everyone.

Jay