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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: David Fitz who wrote (17580)	11/30/1998 5:54:00 PM
From: Ron McKinnon	Respond to of 53068

today the "easy" money ended about 9:35 so it's back to basics or try to catch very risky bottoms or turns or, god forbid, take a few days off till things settle down a bit or, maybe all of the above, 1/3rd of each I made a good decision to sell all the high flyers right at the open and the right ones to catch ONSL in the low 50's to low 60's and sell for 4-10 point gains and to go back in NAVR at 12 7/8 and out at 15 and a few other great trades not so bright to buy NAVR at 17 and 15 7/8 and hold it real dumb to try GEER (a co that I knew even before it was featured in TSC) near the high on a gap up (that hurt) was real smart getting the pos ICSSA at 5 and selling from 6 1/2 to 8 dumb to give back most of that great gain by trying it a second time and losing 1 1/2 Lesson: if you have a few great back to back days; take the profits and then take a rest; no way can we keep it up for long before the market gods take some back; ended up with a solid gain for the day but could have/should have been much much better finally, as sue said, the market makers are playing a lot of nasty games right now are in what they call "manual" mode causing terrible fills on market orders and long delays on reporting some fills to the brokers (one today caused me to go from a $500 profit to a $1000 loss because of a 1/2 hour delay in the buy confirm during which time I could not sell) please, do not use market orders and do not hesitate in complaining to your broker and trying to get a corrected fill