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

To: just bearly who wrote (9476)	3/2/1999 4:31:00 PM
From: Ron	Read Replies (1) \| Respond to of 43080

COMS news??????

To: just bearly who wrote (9476)	3/2/1999 7:47:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 43080

Tara, I guess I am confused. SUNW was a full gap down buy when it crossed above the 96.5 range about 12:15 Monday (the high by 10:30 was the open at 96 7/16). Looking at today's chart, I would have sold at 100, but even if one didin't, you would still be profitable by a few bucks. DELL's opening gap up retraced about 1:20 and would have generated a short signal at around $80 which was good for a couple of bucks by close. If you used the 11:15 as the short signal, then you need to stick with it for at least a 4% retracement (which would put it at about $83.25). it looks like you are setting your stops a tad tight, but at any rate i wouldn't recommend, especiially on larger cap, higher volume stocks like those, that you set a stop tighter than the gap point (in this case, the high by 10:30) the reason is this, if the gap fills you cover your short and go long for the momentum. No, I don't knowwhere you can find gap histories, I just run an export of a stocks data, set the previous day's high/low as the thresholds and calculate whteher the open violates those. ls