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

To: Mike McFarland who wrote (3005)	1/5/1999 1:28:00 AM
From: Mike McFarland	Respond to of 56535

if it doesn't gap up and leave you behind, maybe pick up a few shares and hang on to them Well, Ariad did gap up so there was really no way to play, unless you were really gutsy and shorted. Very unsatisfying...since my crummy 1/3rd position only generated a 2k gain, and then I proceeded to try and daytrade the thing, giving back 2k shares times 1/4--got suckered by the move back up from 2.5 through 3. I had a good learning experience with level II, and frankly, the one minute chart on Yahoo pretty much would have told me everything you needed to know... which is, aria was not tradable today, sigh. Anyway, around $2...if it sags back there, I re-establish my small position. I kept some warrants today which I bought for 1/4 awhile back...hoping somebody pulls a rabbit out of the hat. Okay, back to more tradable issues: My watch list for tommorrow is cosff, gmgc, xyln, cege...happy hunting. Hope everybody had a good day, started the year at 47k...now at 50k, ah if only every day could be so kind! --Mike