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

To: unclewest who wrote (2680)	12/28/1998 8:27:00 PM
From: coug	Read Replies (2) \| Respond to of 56535

Uncle, I just started posting on this board in the last few days and have found them a nice group.. I trade stocks off and on, in between the stock index futures.. I really don't have any ideas beyond the ones mentioned here in the last few days but I will be looking tonight.. good luck.......... Coug

To: unclewest who wrote (2680)	12/28/1998 9:12:00 PM
From: Tony B	Read Replies (1) \| Respond to of 56535

uncle - FHT - This is the only one I know a little about. Most played it for the CEO's appearance on CNBC Power Lunch. It also happened to be on business center the night before (if this had been a NASDAQ stock, it would have rocketed up). Once the CEO was on Power Lunch, traders started to sell. This is why the stock dropped to about 14 (i think) that day. From the little dd I did on the stock and from what CNBC said, it seems like a good long-term hold. Mostly for the little internet shop (i forget the name) possibly going public in the future (looong way off tho). If I still had some, I'd hold it and forget it for a year or so, but that's just me. >i am trying to learn trading but what is >happening to me is i buy on the thread >info then as i do more and more dd on these >companies i like them long term. It's certainly fine to hold some for the long-term, but it's always nice to have a little bit of trading money for those short plays. Remember, most of the times, when you're buying on hype/info/whatever, the stock will runup, and there will be frequent dips and usually an eventual drop to the nearly the starting price (once the news is out). Remembering this, you can trade a stock and make some quick cash and then wait for those dips or final pullback to buy for the long term. Of course, that's a lot easier said than done... Did that help any? Hopefully... Good luck. llater, Tony B

To: unclewest who wrote (2680)	12/28/1998 9:48:00 PM
From: Cookie Monster	Read Replies (2) \| Respond to of 56535

Hi unclewest.... I think you have been caught buying on the upswing a couple of times. If you are buying on margin you might be on thin ice. If you can afford to hold Internet Stocks that have dropped, you should. I think you are very safe with EGGS at $25. On thin ice with SEEK at $55. I would take profits here. *ELBO I don't know much about....but if it is a fast rising Net stock that looks like it has gone too high too fast....sell it an break even. The Net stocks will consistantly run, retreat, and run. So if you buy any of them late, and are not margined....don't panic because they will most likely run back to where you bought them....if not higher. Later, CM