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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (2677)	1/19/1999 5:06:00 PM
From: drsvelte	Respond to of 39683

Thomas You need to touch base with Dennis ( a law prof btw) who was also interviewed about daytrading: Message 7336019

To: Dr. Stoxx who wrote (2677)	1/19/1999 9:41:00 PM
From: go4it	Read Replies (1) \| Respond to of 39683

Thomas, I know you were wary of me stopping over here at first and mentioning IOM before but that is one of the few stocks that I am currently in at the moment. I have recently changed my philosophy in regards to the markets where as I am now trading stocks and will leave investing to the fund managers. Since I am watching that stock closely I thought I would just let you know that the stock finally broke through 2 VERY frustrating resistance levels today at 9 1/8 and 9 1/4 to close at 9 9/16. The TA trend appears to be friendly at this point and will hopefully be bolstered by excellent earnings coming from MSFT today. As of Dec 8th there were between 27 and 28MM shares short on the stock. Although perhaps on the risky side particularly with earnings coming out on Thurs. The short term risk/reward I feel is worth a few dollars and wanted to share that with you. I believe that IF a favorable earnings report comes out to increase buying pressure on the stock and the covering of this large short position that the stock may make a very quick substantial run. I just thought I would share that with you. I did put in a limit order for IFMX today for 11 3/4. Danged if I didn't miss it by a lousy 1/16th of a point. Oh well win some, lose some. regards, Chuck