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

To: Jay Lyons who wrote (13605)	4/29/1999 8:14:00 PM
From: Susan Saline	Read Replies (3) \| Respond to of 43080

oh my gosh!! it's a plan and a damn good one and if many of us put the leaders on watch ... everyday ... we are bound to be able to play one or more of them ... just as a few of us did today with YUM I luv it jay ... it's a grand idea!! how about a list from others here ... with the start of a leaders list? please include INTC :o) and Tom ... many thanks again for your post on YUM ... what a beautiful trade she was .... I did sell it right before I bot the INTC ... maybe an error, but needed the fun tickets to buy the INTC. sue

To: Jay Lyons who wrote (13605)	4/29/1999 8:45:00 PM
From: LastShadow	Respond to of 43080

ONSL Assuming you DIDN'T reinvest profits, starting with the short at 60 and playing strictly by trendlines since then, and assuming you were doing this end-of-day and missed the one day jumps (like at the end of the first week in March), it would have been another 125 points. And here is the funny thing, if one can think of the humor in it, is that ONSL is now at the same price it was when we went into the hold pattern to 100 last November. Only 6 months ago.

To: Jay Lyons who wrote (13605)	4/29/1999 8:58:00 PM
From: Dave Shares	Read Replies (2) \| Respond to of 43080

<<My point? There will be another net sell off. Perhaps we would all do well to stop chasing SPLNs (up 23 points) and COOLs (up 1 point) and EGGS (up 5 points)... pick our entry in AOL(up 110 points), YHOO (up 100 points), EBAY (up 188 points), or ATHM (up 95 points) and stick with the position until the trend reverses. Then enter again. And again. And again >> Yes Jay, you are right. And add DCLK to that list. This is where Judy excels as a trader, because her focus is on these leaders, and I believe that she trades these just as you describe. And she tells us what she is doing, and then I watch them go and do nothing, or pick terrible entries and chicken out. Fear of flying. I'll learn. David