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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Mazama who wrote (12962)	2/11/1999 8:01:00 PM
From: Paul A	Read Replies (5) \| Respond to of 90042

yup.. PRGY made me some quick change today.. Im so damn scared after the mistakes I have been making that I was doing 100sh buys, in/out.. simple, slow and easy, safe.. For the next few weeks im playing things very conservative. One thing that I have had a great deal of success with over the last year is playing gap downs.. Once the market opens I check the nasdaq decliners and print out the 10 of em.. Usually about 2 are getting hammered because of missed expectations or some other disappointing news. 9 out of 10 times its as simple as pulling up a chart and looking at the 52 wk low.. unless the news is really horrible like an accounting irreg. or failed FDA on a bio, they bounce off that 52 week low.. and to make it even easier, they usually give you about 10 minutes to do quick research so your not getting into a disaster.. The only difficult part is, if it bottoms at let say 19, when the bargain hunters jump in it shoots to 19 1/2 - 19 3/4 in a second, but usually thats where it stops so my tip for anyone listening is that if you miss the sell on the rebound just get the hell out because it usually makes a new low during the day once the bargain hunters split.. ENMD is really funny.. Go over to Anthonys thread and youll see even he posted that it was down 10 after hours (or something similar), and I KNOW he knows better than that :) Thats why I like Tim so much.. Ill bet if we crashed his pad without him knowing youll see him with his slippers, some coffee, and a few beer bottles from the night before.. Tim is like the rest of us- he busts his butt to get ahead and shares all he learns with people. Most of the gurus on s/i have special agendas you wouldnt imagin in your wildest dreams.. Take a second to research KTEL back when it did its high-flying.. Read a bit and see who was given stock to promote.. Look at news releases that one day said its ridiculous, and the very next day changed to a strong buy after reviewing the details.. Youll be shocked at what people had a hand in THAT.. ...just remember who is writing this when taking advice from me tho.. Just 2 days ago my account was cut in half in an emotional trading day.. I missed 2 of the best days as a trader as the nasdaq plunged, and it was all because of emotions.. If someone is making an incredible living off the market they have either been thru hell and back, or they are scamming.. I WISH I had the brains to scam but unfortunatly I have a conscience to live with.. Hey- maybe we should start crashing peoples apartments/houses to make this group a bit tighter! letsee, Dawgs place would be real cool because ill bet we can get some incredible meals there! No hands would probably roll out the red carpet just to make you feel at home... but believe me, nobody wants to crash my place here in NJ... there are weights everywhere, no food, and only beer/vino in the fridge! ok im rambling, but its great to talk with you all again.. this is going to be a real tough road ahead after these stupid stupid losses.