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

To: Trader J who wrote (3065)	1/3/1999 12:47:00 PM
From: Tony B	Respond to of 56535

ASCT - Hopefully you're right TJ. I do like what I see tho. Simply the comeback from the hammering after the FDA thingy tells me that there are many people who expect this news anytime. I think I'll wait this one out for another 2 weeks or so and then pull half my shares for a profit (hopefully) and let the other half ride. With any luck, this could be the start of a very productive year for all of us. I'm going to start writing down my goals (at least for overnight and longer holds) when I enter a stock. Stuff like how long I want to hold, my highs and lows for selling (or at least a re-analysis), and basically why I'm in the stock. I've noticed in many of my trades I lose sight of my goals or just don't have a well-defined set of goals established. Not a very good way to start a trade. At least I should be able to answer the question "Why am I buying this?" before hitting the 'submit order' button. I'll let everyone know how this goes. My goal for ASCT was to hold til mid-Jan waiting on a buyout. After that, I'd rather just lock in at least some profit. llater, Tony B