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

To: Tony B who wrote (2656)	12/28/1998 4:33:00 PM
From: Cookie Monster	Respond to of 56535

Hey Tony..... I understand where you are coming from regarding your worries about stocks that could gap the next day. From my stand point....I like stocks that have come off intraday and finish strong. Like today for example. NAVR trades up to $12 11/16 (premature run) and then pulls back to $10 3/4 at about 12:00pm (too far in my opinion). So when I talk about a "gap" tuesday....it's not a gap in the sense that it will run higher than its 52 week high or something....but rather the stock will close the gap from today's slight late day weakness....to today's strong area ($12+). If the MM want this stock to move, but were not ready to move it today (IE they want more shares) they can pull it back as they did this afternoon. I think NAVR will be unleashed later this week.....with 2 million shares ++ traded today...it is a brainer IMO that we are witnessing another NAVR run in the making. Later, CM

To: Tony B who wrote (2656)	12/28/1998 4:44:00 PM
From: melinda abplanalp	Read Replies (3) \| Respond to of 56535

Tony, my mistakes........ 1. Bought SHRP this A.M.- it went down a little and I did a panic sale 2. Bought SHRP this p.m.at the high for the day it went down again for another panic sale. I think the moral is that it was not really in play and had no new news so it did not have great momentum 3. Bought MLG on news but it is a NYSE stock and did not get the kind of kick that NASDAQ stocks get so it was a wash.

To: Tony B who wrote (2656)	12/28/1998 4:45:00 PM
From: snerd	Read Replies (3) \| Respond to of 56535

Tony B - Mistakes... I'll share mine. Don't know if they were "mistakes", as I thought I was covering myself with stop loss orders. I set them at 1/2 point below my entry on three stocks, GEND, OSFT, and SATH. Hit all of them. Then later they took a run up. And I was in early at the days' lows this morning. Story of my trading life! : ( But, I did sell my 100 shares of SKYM for 13 points, and 200 shares of MLG for 7/16. Slowly getting better at this I think. Snerd