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


To: kjs who wrote (9919)3/9/1999 7:08:00 AM
From: LastShadow  Read Replies (2) | Respond to of 43080
 
KJS

Sorry I missed your question earlier. A selling point on a Gap play is generally determined by the type of trading you're doing and the follow through on the gap. Generally you play the trendline on the gap, though, whether that is intraday or daily. I will look for a few example today of what determined exit point for me. But in general, you want to stay in the trade as long as the stock is moving up. As my previous posts on longer term buys indicated, most of the stocks followed were better position plays than day trades.

lastshadow



To: kjs who wrote (9919)3/11/1999 9:18:00 PM
From: kjs  Read Replies (3) | Respond to of 43080
 
here's an interesting article in red herring which many of you may have read and know about. but i wanted to get some thoughts into it.

redherring.com

they say underwriters can only issue reports on recent ipo's after 25 days. looking at the 5 day charts of the companies they mention (hlth prgy vert onxs srna), they all have a nice surge in price if one had been holding a little bit before the 25th day.

Here's a look at the charts: quote.yahoo.com

Note the rise btw. Fri Mar 5 and Mar 8,9 when the reports come out.

Any thoughts on using this as a sort of strategy for recent ipo's?