Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: TA2K who wrote (9194)	2/12/1999 11:51:00 AM
From: Dick Brown	Respond to of 12039

Just that sometimes the news 'explains' a large move to the up or downside that you might see on a chart....If the news was that revenues will fall short of expectations even tho we were in an 'oversold' condition after that news came out I will walk away from that trade if it was on the long side..I try not to trade too soon after that type of news.. Dick.

To: TA2K who wrote (9194)	2/13/1999 11:49:00 PM
From: Ken Carter	Read Replies (1) \| Respond to of 12039

Evening Nicholas, << With my limited insight, I've sort of arrived at the conclusion that if news has come out today or yesterday afternoon, avoid playing that stock. >> Many stocks will move early in the morning when news is released then pull back. This is the time that you should jump on the other end of the trading game. If you watch a stock that has been breaking out because of some news, You should look at it on a real time chart, preferably a 5 min chart and draw trend lines and resistance lines on these charts. When the stock in question hits these resistance points and then fails to break above it's time to think of SHORTING it. So many people are afraid to SHORT stocks. I have found that most stocks go down A LOT faster than they go up. In a market that is moving up and down as this market has been doing. Many dollars can be made in a short period of time. ( 5 to 20 minutes sometimes ) I have made more money in the last 2 months playing the SHORT side than I have going long... It was asked earlier if anyone trades stocks under 2.00 I do and have been doing it for years. I prefer stocks over 5.00 at this point in my trading life but only because it gives me more buying power with margin. Lower priced stocks ARE tougher to trade but can be VERY profitable if done properly. Will stop rambling now, Good trading, Ken Carter sku.com