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

To: Trader J who wrote (1253)	12/8/1998 3:40:00 PM
From: Poet	Read Replies (1) \| Respond to of 56535

I sold 4k NAVR at 11 3/4: a 1pt loss. Not a happy camper. I'm holding 1k but am still wondering about an overnight hold being very risky.

To: Trader J who wrote (1253)	12/8/1998 6:42:00 PM
From: pebbea	Read Replies (1) \| Respond to of 56535

Sure, I'd like to respond to that... I didn't trade today so I didn't loose money. After taking a bath on MALL yesterday I was gunshy. I held MALL overnight instead of selling at a loss before the close. I watched the open yesterday, MALL went up a little, wavered, then started dropping like a rock. I was freaked, in at 26 15/16 and out at 22 1/2. Lost about $1100 bones. I've decided that the real fast movers aren't for me because I don't have the tools, nor the savvy, to go head to head with the level 2 types. I will look for stocks like CIEN was awhile ago, that go up steadily for a few days before dropping off, so I can get off the merry-go-round. See, I'm developing my own rules. Todd