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

To: LastShadow who wrote (8284)	2/11/1999 8:59:00 AM
From: Jay Lyons	Read Replies (1) \| Respond to of 43080

IPO's I've posted this a couple of times, and so far have not followed my own advise. Maybe the third time's the charm, if there is a third time. When ever we have had these high publicity Net IPO's, the major Net stocks have sold off severly immediatly after the IPO's open. It's almost as if air needs to come from the existing balloons to inflate the new ones. It's not just stocks that are directly connected to the IPO, either, it happens across the board. Now swear to God, I'm not doing trades other than gaps, but I will have the newbies on my screen, and if I'm long anything net-related at the time, I'll exit immediatly and see if the pattern holds true. If I'm short on a gapper, I'll double up if I'm ahead at the time. CNET Tom and I watched this one yesterday (it kept slicing through it's gap trigger like butter, as it was trading at a huge spread), and I passed on it. Currently trading 19 points above yesterday's buy signal. This stock has been crushed the last few days, so even with a huge gap up, it could easily keep on going. Gap it. Have a great day, and be careful out there, kids. Jay

To: LastShadow who wrote (8284)	2/11/1999 8:59:00 AM
From: Susan Saline	Respond to of 43080

watch list YUM Thu Feb 11 YUM ADVISORY/Photo of Andrall Pearson, Chairman and CEO of Tricon and logos is available on Business Wire's Web Site - Business Wire Thu Feb 11 YUM Alert: Tricon Global Q4 First Call Shr Estimate $0.66 - Reuters Securities Thu Feb 11 YUM Alert: Tricon Global Q4 Shr Profit $0.95 Vs Loss $2.39 After Charge - Reuters Securities Thu Feb 11 YUM Alert: Tricon Global Q4 Cor Shr $0.55 Vs $0.30 - Reuters Securities Thu Feb 11 YUM Alert: Triconsays 1999 Oper Earnings Should Rise Over 20 Pct - Reuters Securities

To: LastShadow who wrote (8284)	2/11/1999 9:08:00 AM
From: John J H Kim	Read Replies (1) \| Respond to of 43080

<<The Bull count is important, because, at least theoretically, one can't continue having an uptrend if everyone is a bull. If no one is bearish, who would sell?>> I guess a loose analogy might be...the TITANIC. Obviously almost everyone on the ill-fated ship was bullish about the prospect of their journey, till it was too late. If there had been a significant number of bears warning caution, it might have been a different, or a less tragic outcome.

To: LastShadow who wrote (8284)	2/11/1999 9:21:00 AM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 43080

The Bull count is important, because, at least theoretically, one can't continue having an uptrend if everyone is a bull. If no one is bearish, who would sell? Isn't the question: if no one is bearish, who would buy? The Bull Count is generally used as a contrarian indicator. The assumption is that Bulls are fully invested and talk the Bullish talk because they want people with cash to buy in. Conversely, Bears are assumed to be sitting on cash and are trying to scare shareholders into selling so they can get lower buy-in points.