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   Strategies & Market Trendsgary smith shorts and longs


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To: Smilodon who wrote (393)3/3/1999 3:42:00 PM
From: MGort
   of 430
 
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 (394)3/5/1999 1:31:00 AM
From: Fortinwit
   of 430
 
Thread:

BOT:
TJX df @ 3 1/2

Liked SUIT puts today, but didn't get filled.

Tomorrow:

Longs:
MER, POS, SLB.

Shorts:
UFS

F.

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To: Fortinwit who wrote (396)3/8/1999 12:53:00 PM
From: David R. Parker
   of 430
 
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
   of 430
 
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 (398)3/8/1999 1:17:00 PM
From: David R. Parker
   of 430
 
Watching today's action on SFA, I think you may be right. Hard to tell from the chart....or am I missing something?

David

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To: David R. Parker who wrote (399)3/8/1999 2:12:00 PM
From: drsvelte
   of 430
 
On a realtime chart, SFA has Flatlined! Not much movement. This one is tough to call.

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To: drsvelte who wrote (400)3/8/1999 2:33:00 PM
From: David Holden
   of 430
 
SEVL looks like it might make for a good short. THought?

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To: drsvelte who wrote (400)3/8/1999 3:02:00 PM
From: David R. Parker
   of 430
 
Agreed. Just covered at 27.25...enough to pay my commissions. Even money is better than a loss....on to better choices. Thanks for the input.

David

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To: drsvelte who wrote (400)3/8/1999 4:11:00 PM
From: David R. Parker
   of 430
 
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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To: David R. Parker who wrote (403)3/8/1999 4:46:00 PM
From: Fortinwit
   of 430
 
thread:

Sold the GLW calls today for +2.
Bot AMES calls Friday.

Still haven't had a lot of time to keep up with the trades lately.

F.

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