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

To: Dave Shares who wrote (9229)	2/26/1999 8:56:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 43080

IMGN and NSPK to gap at open (eom) ls

To: Dave Shares who wrote (9229)	2/26/1999 9:08:00 AM
From: Jay Lyons	Read Replies (1) \| Respond to of 43080

Morning gang, If I might add my two cents to Scott's advice to play gaps in this trendless market... 1 cent...don't put to many stocks on your screen. If you can only watch two, have two. If you able to track 8 have eight. You can start with more, but pare it down to a number you can deal with in the first few minutes. 2 cents...don't let a stock ware you down. Yesterday, for instance, I had a number of flat trades in GTW, until I finally said enough. Big mistake. If I had taken just one more shot at that buy trigger, It went straight up two points. Often, I'll have a flat or losing trade in a stock, quit watching it, and then it takes off. Incidently, these are not rules that I stick to that make me tons of money. There rules that I consistently ignore that keep me from making tons of money. Playing gaps can be boring, like counting cards at the blackjack table...there's a constant desire to run over to the crap table and throw the dice. Jay