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

To: BANCHEE who wrote (4707)	1/16/1999 12:51:00 AM
From: Buddy Smellgood	Respond to of 56535

Banchee, INDI: I blew it from a day trade standpoint. Yesterday, I was trying to grab a 1/2 to a third and it took off so today I was shaken and was afraid of getting whip sawed. Like Triffin says never bring fear, hope and greed to the table. I had taken all three so I didn't trade it today. I'm holding. I bought a little more on the drop. I was in early enough that I'm still in profit. I'm hearing that southeast capital, part of a german holding company, has upgraded INDI to a buy between 8-10. I'm betting the INDI PR machine will kick in soon. It would have been a waste to announce links to Yahoo today with all the attention on Marketwatch. Marketwatch will surely pull back, but even at half or less its valuation helps INDI. I would look to get in on INDI around 6 from a technical standpoint. Since the stock doubled in such a short period of time, it could pull back by half. I will daytrade this again, but I bought on the yahoo link info and don't want to miss whatever ride that gives. P.s. I like your thread project idea. There is a company SFO Sonic Foundry in the city I live in that could double this year. Buddy