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


To: steve susko who wrote (3746)12/4/1998 6:11:00 PM
From: LastShadow  Read Replies (3) | Respond to of 43080
 
I thought the numbers looked good enough to hold all mutual funds and not transfer to fixed. December I think will be okay - a little shakey, but nowhere like last year. I do expect to see more of a January effect, though.

I probably won't make trading a career. I am presently waiting for an offer from a company I have been in discussions with for about 2 months now. I approached the comapny I am with now about putting to gether an exit package for me, and they were most generous, although I did have to sign a whole lot of legal papers.

I trade well, but I don't really care for daytrading. It isn't really what I am the best at. GE, Tenneco, and WI all allowed me to make some fundamental changes to what they were, where they were going, and how they operated. In my career I have spent over a billion dollars of other people's money making those changes. And I believe those companies and the hundreds and in some cases thousands of people who worked there benefited, grew, made a better world in some small way.

It was time for me to move on. To do it at a different level. I intervied with both GM and Delphi Corporate last year, and one I turned down and one found me not to be a 'culture fit'. WhatI found was a company so wrapped up in the mechanics of being big and self-benefiting, that they were unable to make the kinds of changes necessary to transform them into something better.

Which brings me to DCX - the American automakers are arrogant, but Mercedes will change the old Chrysler, and the company won't look like it does now by next Easter. I am following the stock, as I think it will become very volatile and ripe for some plays soon.
have a great weekend everyone.

lastshadow



To: steve susko who wrote (3746)12/4/1998 6:16:00 PM
From: Nandu  Respond to of 43080
 
Anyway I draw it, I don't see the downtrend line broken.
Sure the market closed at its high today, but it is still
lower than yesterday's high. Don't give too much weight
to a Friday mini-rally. Could be just shorts covering
before the weekend.

But, of course, what the hell do I know?