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


To: Trader J who wrote (3482)1/7/1999 4:36:00 PM
From: kha vu  Read Replies (1) | Respond to of 56535
 
ASCT....showing some life today....any news from your friend ??
thanks



To: Trader J who wrote (3482)1/7/1999 4:42:00 PM
From: Canuck Dave  Read Replies (1) | Respond to of 56535
 
General question about takeovers.

Ok... Company Y agrees to take over company X for Z$ per share (cash and/or stock).

Will Company X then start trading near Z$ in general?. (.9Z$?)

Does it matter about how long the shareholder vote is in the future, and what are the other factors which affect X's share price in the interim?

TIA

CD



To: Trader J who wrote (3482)1/7/1999 4:43:00 PM
From: unclewest  Read Replies (1) | Respond to of 56535
 
is anyone looking at seek. new infoseek/disney portal GO.COM scheduled to open monday. beta is ugly, but disney execs have assured that final will be awesome. disney spending 150 million to promo on abc, espn, disney channel, all disney .coms, disney publications, theme parks etc.
i had it, sold it. thinking about getting back in tomorrow for all the disney hoopla next week (i hope).
unclewest



To: Trader J who wrote (3482)1/7/1999 4:47:00 PM
From: Poet  Read Replies (5) | Respond to of 56535
 
My my my, did everybody have a profitable day? I did well on a GNET trade, making over a point at lunchtime, then participated in the end-of-day run on GNCI, which was mercilessly hyped on CNBC. I'm holding GNCI (I bought more after I sold my fist batch) and CYCH.

Some of you did some great trading on DBCC today. I'm amazed at your learning curves. Even though it ran up at the end of the day, having locked in a good profit by lunchtime is a way to reduce risk. I can't wait to see how it trades tomorrow. I'm expecting gaps in DBCC, GNCI, and a bunch of others that closed very strong.

I also wanted to mention that there are many styles of trading. It's apparent to me that Jeff and I are different in terms of the length of our holds. For me, I've been successful at playing overnight holds and selling into the opening rally the next day. I may or may not buy a stock back during the morning pullback. I also do a lot of "lunchtime dip" buys, selling them after 2 PM when the pros come back for lunch.

Jeff, correct me if I'm wrong, but it seems you're more patient than I, holding a stock through the intraday drama. Do you find yourself repeatedly buying or selling at any given time, as I do?

I'd also love to hear what works for the rest of you. Please let me know.