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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: dj8000 who wrote (5898)	1/11/1999 8:38:00 AM
From: LastShadow	Read Replies (2) \| Respond to of 43080

Response I only hold about 8-12 stocks at any given time. Six are longer term position holds I have been holding since Oct 8-12 (or longer in the case of GE), and the other two are FRTE and GMGC. I have bought on news, although lately I have been exiting them too soon (generally a day early). I prefer to buy based on wheter it shows up on both my watch list and the neural net's assessment. Unfortunately, the lists have grown huge in the recent week, so screening for optimal candidates is less than scientific. A lot of it has to do with whether I am willing to hold for a longer period if it corrects down unexpectedly. I have also been playing some smaller cap companies, as many of those, are well down I price from their highs, have some local strength and decent price potential. The reason I am watching the news is for stocks like AAGP. I am still miffed that I read about it opening up double at $3 and then letting it go after an hour on to find it go up to $15, back to $9 and then to $25 the next day and now back to $7 or $8. One more stock on the watch list isn't too hard to keep, and even if I don't know it, there is always the chance that it could be a great couple of days play. lastshadow