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

To: eik who wrote (7069)	1/25/1999 9:59:00 AM
From: LastShadow	Respond to of 43080

EDIT if PWAV breaks 24.125, its a buy FONR is a buy now AMFM and SAP screaming up, as is NTLI But volume seems hesitant across the board, and the 'most up' lists are all small cap. Large (and I mean 100-500 k shares) block sells outnumbering DIS and CPQ 2:1 right now. MSFT losing steam, and a lot of the big dongs in the red at day lows already: MSPG, HAL, CPQ, EBAY (being sued by NYC) AMZN. ls

To: eik who wrote (7069)	1/25/1999 10:03:00 AM
From: Jay Lyons	Read Replies (2) \| Respond to of 43080

OMC Covered for 3/4 from the Friday hold. WIND >The Modified Gap I use indicates the level 43 13/16 as the target. Jay, am I wrong?< I haven't set a target yet. If when I do, the high has not taken out 38, then my trigger will be 37 3/4. (Average of the open and the high) Assuming that we both make money doing what we do, the the fact that I may set a different trigger than you do certainly doesn't make you wrong. You'll certainly have more momentum behind your buy if your trigger is hit, I'll have been earlier with mine. Your trigger is much more likely to turn a profit if it's hit, mine is more likely to be hit, but is a chancier entry. I think the most important thing is not where you place you trigger, but rather that you have a plan to cut you're losses if your wrong and take your profits if you're right. Good to have you on the thread. Jay