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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Trader J who wrote (11850)3/26/1999 1:34:00 AM
From: Trader J  Read Replies (3) | Respond to of 56535
 
**All: Please be careful tomorrow (Friday), I have a feeling we will be on a wild ride. I am expecting a nice gap from many of the Inets and a decent opening in general......followed by a significant profit taking session.

My gut is telling me that we will close strong.....not necessarily up, but strong. Again, I advise that you stick with issues that you know well. There is nothing wrong, again, with making money slow and steady. Resist the temptation to go for the big kill ... too much stress involved and too much risk. If you can cherry pick the bottom, worth a shot...but don't chase in this market unless you want your head handed back to you. Hard to do, but resist. Read my "Rule of 72" article on tigerinvestor.com and realize that $500 a day equates to $125,000+ a year. "How much is enough" ..... as it was said in the movie Wall Street. That is a question I use for myself to keep me in check.

Trade well all.....and smart.

Tomorrow should be fun.

Tj



To: Trader J who wrote (11850)3/26/1999 9:07:00 PM
From: Cookie Monster  Read Replies (2) | Respond to of 56535
 
Thanks J,

Sometimes stocks like SGMS can cause a thread to be infiltrated with low life penny pushers....so I thought I would spare your site that fate :)

I had a couple of good scores this week with PQT and EBID....both finished the week strong.

My best pick for Next week is still IHGP....I think this is the week.

Later,
CM