To: Smilodon who wrote (393) | 3/3/1999 3:42:00 PM | From: MGort | | |
Archer,
I'm still paper trading, so discount as appropriate. I use the same scan, but then look closely for a congestion pattern in volume. I like to see declining to even flat line, with a large spurt on the break. Looking over past trades, several of my losses were attributable to volume patterns that just did not show the boredom characteristic of congenstion.
Mike.... |
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To: Fortinwit who wrote (396) | 3/8/1999 12:53:00 PM | From: David R. Parker | | |
Darn...should have gone with market orders....
Decided to short MCK and SFA. Did limit orders after opening and sold SFA at 27.3125, but entered MCK at 61.50...which was where it was when I chose my limit. Turns out to have been the day high...and has gone straight down since. Grrrrr! Of course, SFA has just sat there....
<sigh>
David |
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To: David R. Parker who wrote (397) | 3/8/1999 1:07:00 PM | From: drsvelte | | |
SFA
Friday might have been a blow-off day for SFA. DLJ advised that they had some concerns about Q3 earnings slowdown and maintained a market perform rating. CEO also sold about 200K shares. The bad news might be all out.
Good luck! |
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To: drsvelte who wrote (400) | 3/8/1999 4:11:00 PM | From: David R. Parker | | |
Tuesday....
I ran my update and scans about an hour before close and like LZRC, AEOS, and IDPH long for Tuesday. The only one I bought was LZRC at 23.25.
WPI looked like the best short...ran out of time though and didn't move on it. Thoughts?
David |
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