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

To: LastShadow who wrote (3481)	12/1/1998 5:33:00 PM
From: SpecialK	Respond to of 43080

MALL announced their quarter results on 10/26 and mentioned the UBID IPO was being discussed. The stock was at 8 9/16, next day hit a high of 9 5/8, then sat around for a few weeks, then on 11/10 jumped from 9 to 11.25 on 500K vol. moved up to 18 by 11/18, when they registered for the IPO came public jumped 10 to 28 on 11/26, went as high as 60 now is 43. Significance? Well, the same opportunity presents itself in the form of IDTC. If you have a chance, listen to the conference call 18008915314, I'm not sure the replay #. Great results, great expected growth, expected spinoff, and it's cheap. I wasn't so positive before the CC, earnings just met estimates, but the CC was very positive on the outlook. .14 doesn't look good compared to .20 from last quarter but this is the first quarter of being fully taxed.

To: LastShadow who wrote (3481)	12/1/1998 6:00:00 PM
From: Jeff Sutton	Read Replies (2) \| Respond to of 43080

Scott, I'm been trying to hone my day-trading skills lately, and am wondering this: Is there a way to identify a shake-out of an uptrending stock on an intraday chart? Especially if MMs are trying to temporarily drive a stock lower, which I've heard they do. I was trading CUST today and noticed at one point that the ask and bid were jumping around BELOW the last indicated price. In fact, at this point there was a shake-out and the stock resumed it's trend upwards shortly thereafter. (BTW, I'm using MedVed Quotetracker as my only trading tool.) Was this just coincidence or is there something to this? Thanks ... sorry if this is a confusing or dumb question! - Jeff Sutton