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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (595)	11/16/1998 12:43:00 AM
From: brent gephart	Respond to of 56535

I am not so sure that the Fed should lower rate, however, I think their is a good chance that they will. I wish the fed had been more restrictive the last two year and raised rates but that did not happen. I think the Fed would have a lot more flexibility now if they would have raise rates more in the last two years. I think the market will sell off initially at 2:15 no matter what the fed does. But, if the Fed does not raise rate the market will probably turn negative again in the short term. But I think people will think that the Fed knows some thing. That something could be coming strength in the future or anything, and that might be enough for a fun into December. But, I think a lot of the big guys missed this rally and would like a pull back to buy in. Stock talk: I bought some EGGS for a quick turn Monday as well, however, I hope that not as many people decided to do the same think for the same reason as us. Otherwise, we may only see limited upside at the open. I have been a holder of COOL since just after its collapse at the IPO, and down on the up swing recently. Bought at 15 on the way down and averaged in at 10 1/5 sold have a position the other day. Still own ASHA and will probably keep it another week unless I see continued weakness from Friday. Chart still looks good and I think people were selling into my movement of the stock. One of the problems with a stock that might only trade a few thousand shares on some days. With the selling into the IPO on Friday of THEGLOBE.COM TGLO, a lot of people would like to see that stock go back up and might be an interesting play for a day trade only. I am going to look for strength at the open and if I see it I am going to wait until it breaks and fall and then starts its secondary up swing. Great example of this was GMAI on Friday. For new day traders this is very risky. You have to, for lack of a better word, guess if the stock will make another run. If you set a narrow stop you can attempt to limit your loss. Its hard to do with a $50 to $70 stock that acts like a wild bull. Other ones that might be good day trades are EWBX because of it being new to the market. Looking into with no decision yet: CYOE(short term, might be too late to the stock), RELL(stair step pattern forming), maybe puts on LU or CSCO if Fed does not raise rates. Brent

To: Trader J who wrote (595)	11/16/1998 9:04:00 AM
From: Sandra	Respond to of 56535

TJ, allp.. biz.yahoo.com Sandra

To: Trader J who wrote (595)	11/16/1998 12:37:00 PM
From: brent gephart	Read Replies (1) \| Respond to of 56535

Look at JMAR. This is not a momentum stock. I have owned this stock for 5 years now and you can read my posts and other on the JMAR SI thread. I am bringing it to attention because it is making a nice move up the last couple of days. Most of us on the thread expect news out on the companies new BrightLight laser before Christmas, and the company is the leading researcher in X-ray lithography. This is my largest holding and my favorite stock. I am bringing this to light because it seems to have some momentum behind it. The company has been buying stock which I think has tightened up some of the excess supply available. This is not a day trade but could be a nice two week trade with decent upside and limited downside. Please take a look at their web site to get a better understanding of the company. jmar.com Please do not invest in this company on my word. As with any company everyone should due their own due diligence. Good luck investing. Brent