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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (2299)	1/24/1999 2:53:00 AM
From: ejsdad	Read Replies (1) \| Respond to of 57584

JMAR and ASTN are both low price stocks with a broad range of technologically advanced products --- ASTN is largely involved in an innovative computerized block trading system which is very close to getting SEC approval. They also have a subsidiary, Gomez Advisors which tracks various web sector activity. Information on ASTN can be found at wbn.com:8080/ASTN/index.html ASTN has announced their intention to spin off Gomez and SEC approval for their trading system appears immanent. JMAR has an active, sophisticated thread on SI at exchange2000.com JMAR is involved in developing several leading edge products based on laser lithography. The company makes a small profit, but the real opportunity is just ahead when their R&D starts to pay off.

To: Rande Is who wrote (2299)	1/24/1999 10:07:00 AM
From: Rande Is	Read Replies (5) \| Respond to of 57584

A MUST-READ FOR NEWBIES: : : : Some of us dabble in daytrading on the stocks that we are watching anyway. . . because the most important advantage to daytrading, aside from great equipment, is how well you know the trading patterns of a stock. My guess is that most of us here know PRFM trading patterns quite well by now. . .or better yet NBTY with its larger float. When you see the trading patterns setting up, you can use that to your advantage in scalping an extra quarter, half or full point [or even several points] out of a stock that we are ALSO position/swing trading or even have LONG hopes for. . .the daytrading portion should be a relatively small percentage of the total investment. Once you have a double, for instance. . .trading half in and out is like trading someone else's money. When done correctly it can lead to larger positions when the stock is ready for another major move north. Also, by making extra cash. . .should the stock jump up when you are out of your daytrade portion, you have your initial still in AND you can always buy back your original number of shares, because you have made extra cash on the small trades. This also adds a level of liquidity to the stock and keeps activity going, which deters shorts from jumping. Short sellers just love it when an hour goes by and only a thousand shares change hands.. Now, again. . .if your using FreeRealTime or other level I quote system, YOU SHOULD NOT ATTEMPT to time small movements. Even the time it takes for your online executions are often too long when a move is happening. By daytrading without the proper equipment, your risk is dramatically increased. But with level II Nasdaq, where you see trades as they happen [relatively], and a point-and-click style trading system with executions that arrive a few seconds after you click, then you can read a few books and get started. I must say. . .pro daytraders LOVE IT when hacks with the wrong equipment jump in as they are jumping out. . . in other words YOU bought their shares at the high. If you weren't there, then they might not have gotten out so high as the price dropped too fast. That explains why just before a major brokerage or fund dumps a huge quantity of share of a stock, they send out their pigeon advisor to "tip off" CNBC, WSJ, NYT and paid newsletters or other paid advisors that the same stock that they are dumping is a "buy." Or they will think of some angle that they can use to artificially pump up the stock they are about to sell, best done on interviews on Squak Box. Why? Because if they merely dump, the price will drop before they can get out. But if they can lure some suckers in to buy at their price . . . just long enough to keep that price propped up and get them sold out, then what a victory for them. No, you won't hear anymore about that stock for a long while and no, sorry, the price did not rise after the "buy" went out. . .in fact it pulled back some. We have these same individuals here on SI. EVERYWHERE. When they say they are buying. . .thru newsletter, web sites, urgent emails or otherwise, rest assured they are REALLY selling into the interest that they generated. Do yourselves a favor. Get on Daytraders mIRC. NOT TO BECOME A DAYTRADER, because I am convinced that we do far better than they in the longer term, with our methods. But watch stocks get called, then watch the boards of your favorite posters. You can watch a stock get bought, then watch it stop moving.. . begin to waiver. . .and as these daytraders with tens of thousands on the line get nervous. . .and just want their original money out . . .they begin posting. . . "GET in NOW...NO TIME to think...Going to ROCKET." You might get an email about it. You might be sent a PM on SI. Whatever. . .the REASON behind that tip is VERY RARELY to let you know about a great company or trading opportunity. It is ALMOST ALWAYS to get YOU to hold the price up while their sell orders fill. And when you fall for it. . .THEY have made their profits. And you are stuck as the price eventually drops back. In the Daytraders Irc, you can see it happening in real-time so that you learn what NOT to do. Now SI posters nearly all use aliases when they post. Oh you might see their SI name on the board, but that is not the name they use when they post, usually. "Anonymity is critical when cannibalizing a flock." Remember, you have never even met the people you put your trust in. . . Which brings us back to the methods used here at HOME. By buying when nobody wants. . .and selling when the news comes out and selling INTO the daytraders all over the world. . .WE have the advantage. They buy OUR shares. . .giving us a double or triple or more. . .since we bought the low. . . and giving them an eighth or a quarter point. Best of all no high-priced equipment is needed . . . and you don't have to sit and watch quotes all day long. Just ask Melinda this week when her strategically placed PRFM limit sell orders kick in while she is away at work. If you cannot see the game, then you are not winning it. Or put another way, "you cannot win at another man's game." And don't forget what is born every minute. Rande Is