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

To: just bearly who wrote (756)	11/23/1998 3:04:00 PM
From: kendall harmon	Respond to of 56535

Well here is a first for me--a mistaken symbol play. On NBR on Friday the market monitor guest referred to INTAF but his comments were mistakenly taken to refer to INTF. INTF, whose stock is way up today, is up by mistake: biz.yahoo.com Presumably when this is corrected tonight by NBR, INTAF will make a big move tomorrow, since INTF is moving today.

To: just bearly who wrote (756)	11/23/1998 3:35:00 PM
From: BANCHEE	Read Replies (2) \| Respond to of 56535

Tara I've done my share of BB stocks,made $$$ lost some $$$$$ To intense and you have no control at all except for a quick triger... I love DT but I don't feel I have to trade everyday. I trade on news, CNBC talk, or rumor...... I have learned to walk away from a trade that don't seem right to me. I try to have as much positives on my side as possible. When I do DT , I'm there to watch it tic by tic...... What I follow is Trade stocks I only know... Trade stocks that are solid cos. If I get caught in a trade the wrong way and I decide to hold, it will be in a co that should come back soon... I don't jump on hype..... I will go into a momentum trade if the vol is strong enough..but will exit soon also.. Over the years I cone to know a lot of co. by doing solid DD......I read IBD, magazines,and follow earnings reports in IBD and keep a list of up and coming co. for future trades,,,,You can make a ton of $$$ off of a couple co by trading them, once you get to know their charts...Don't be afraid not to trade.....Watch co charts for right time. Follow other posters and do paper trades on them. Position trading is taking a position in a stock and knowing why you did..Maybe earnings report due soon and by you following the co,can expect good earning or maybe contract news to follow.Buy cos in the hot sectors and go for first tier co if you can.It all come down to doing the best DD you can.....Example I bought BILL on Fri because I know the co and the down grade by Leheam and the drop in price from $16 to $9 5/8 was not called for. BILL just reported good earnings and are getting more contracts.The future looks good. So I will hold for while. Gotta go to my real job. Hope some of this helps Reguards Banchee