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

To: BANCHEE who wrote (5985)	1/26/1999 11:36:00 AM
From: Jon K.	Respond to of 56535

Yes, ITEC, came to life faster than I thought! IMON, limit order kicked in: sold short at @12.5 and 14.5, will sell again if it hits 16.5 Jon

To: BANCHEE who wrote (5985)	1/26/1999 11:37:00 AM
From: Poet	Read Replies (1) \| Respond to of 56535

All: Lunchtime dip trades: IMON seems to be settling between 13 5/8 and 13 7/8. I think it will drift down a bit now (I have a buy order in at 13 5/8) during lunch. There is a barrier at 14, which, if we're to repeat the past action on IMON, I believe we can blow through this afternoon. The day's high is 15 1/4. I'd set a sell order at 14 7/8 (again because you're more likely to fill at just below 15 than just above). PRFM does not seem to have the volume or price movement today for a daytrade, so I'll pass. This is a nice position trade, though, and has been moving up about a point a day for the last few days. For those of you who have more patience than I, look to buy at 7 5/8 to 11/16 during a lunchtime dip. I've not traded ITEC and so am unfamiliar with it. It looks like a great lunchtime dip candidate. Can one of you newly-wealthy ITEC traders give us some insight into its movement this morning? Thanks.

To: BANCHEE who wrote (5985)	1/26/1999 11:39:00 AM
From: MMK	Read Replies (2) \| Respond to of 56535

ASCT: a whopping 9,500 traded!! gooooo..asct (whisper) It is up 1/4!!! Banchee: I have a whole 500 shares of ITEC. Was thinking it to be a daytrade. Currently moving back up. I now have NAQ RTT and am loving it!! From past posts with Snerd, you must have this or Level 2? I did a play back on the tick chart and am interested in the way it has played out so far today. Could have traded in/out 4 times with profits of around 1/4 point each. Now seems to be heading back up. Each time it goes back up, it seems to go higher. Is this typical movement of a good moving stock? Thanks..MMK