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

To: LastShadow who wrote (8353)	2/11/1999 3:20:00 PM
From: chartseer	Read Replies (2) \| Respond to of 43080

DJIA: Seems the trading range has narrowed between 9100-9290. Not a good sign either. Lower declining tops not a good sign. Just a matter of time if 9100 can hold. Then again what the heck do I know? Chartseer

To: LastShadow who wrote (8353)	2/12/1999 9:37:00 AM
From: John Ritter	Read Replies (2) \| Respond to of 43080

So you figure chip stocks like NSM will go back to 9 in correction? This may be a good example as at 11 and change is up 30% since October 8, but also ran to 17 and change. One might consider this stock already corrected except for the effect of a strong bear. Since it is trading at book with some new products in the pipe this seems a good hold irrespective of corrections in the market. My view is to buy stocks already corrected 30 - 50% but appreciate your market timing strategy. Stocks that I like over the last few weeks that I bought at the dips include: PLAT (12 1/2), WIND (18) and SEGU (11). So my strategy is simple, buy selected stocks when they correct and not try to play market timing. Best wishes in your strategy.