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To: JSB who wrote (18373)	1/10/1999 9:46:00 AM
From: Ron McKinnon	Read Replies (2) \| Respond to of 53068

>>>>> they are incredibly volatile swings on a daily basis. I would not want to own them at the end of the day, but they are sure profitable to trade. >>>>>they are day trading vehicles and not investments in any sense of the word. >>>>>I mean it drove me nuts to watch them explode on a daily basis when quality stocks languish. I just thought I could use that to my advantage. BINGO DITTO RIGHT ON the only thing I would change is they are not "day" trading stocks, they are "minute" trading ones Sue, I agree with Dan on not using stops on these; once in one I set up my limit sell order at the price I would normally set the stop; if it keeps running up I keep changing the sell price; as soon as it looks to be turning I hit the Enter Order button; 100% focus on the internut that I am in at the time; can't be distracte by anything else till out a good example might be RWNK on Friday pull up an intra day chart on it look at the late morning spike I got in way late at 50 1/2, out at 63 1/2 back in 50 1/2 out 53 1/2 in 50 1/4 out 53 1/4 in 50 out 52 in 50 1/2 out 50 3/4 48-49 seemed to be the key support all day after the first run up if that broke; time to bail

To: JSB who wrote (18373)	1/10/1999 11:54:00 AM
From: Iceberg	Read Replies (1) \| Respond to of 53068

>I mean it drove me nuts to watch them explode on a daily basis when quality stocks languish. I just thought I could use that to my advantage. JSB, That's part of the incredible seduction that feeds the current internet mania. And it's certainly an understandable human reaction. Big intraday moves in internet stocks do seem attractive, but they are highly seductive, and they come loaded with all the associated baggage of unnecessary volatility and risk. In terms of making money trading stocks, for any given time frame... let's say in one day... a 1/2-point move on a $50 non-internet stock, for example, can be much more profitable [in absolute dollar terms] than a 50-point move on a $50 internet stock. BTW, my guess is that Dan very well understands the subtle associations between volatility, risk and dollars placed on the table vis-a'-vis trading internet stocks. It's probably one reason he does NOT get involved with the internet stocks. But I'm just speculating on that point. Ice