SI: StockTalk: Short-Term Traders : ***Trend Setters and Range Riders***
DAYTRADING: The Highs and the Woes 12/14/02
I entered doc Kronkite’s office for my regular Saturday morning session.
The curvaciously gorgeous miss Tushbumper greeted me with a smile, a kiss fully on the lips, [be still my heart!] all the while pressing against me. Hard. You can imagine my surprise.
I finally, reluctantly, pulled away and wobbled into the doc’s office and stumbled onto his lumpy leather couch.
“You look peak-ed,” said the doc.
I said nothing.
The doc walked over to me, pulled out a watch fob with a lengthy chain and began to swing it back and forth. Back and forth.
I was 7:04. a.m.
The doc said, in voice low and sonorous, “Watch the watch.”
I watched the watch.
“You are getting sleepy, very sleepy,” he said.
I was getting a bit sleepy.
“Your eyelids are drooping,” he said.
“My eyelids never droop,” I replied as my eyes closed.
“You are getting sleepy, very sleepy,” the doc said.
“Absolutely not,” I insisted, or so I thought, for I was deep asleep.
“ We shall hyptonize you,” said the doc. The Freudian method, of which I am a recognized expert, is simply not working. And it’s been ten years.”
“ I can’t be hypnotized. “ I said. “Can’t be done.”
“You are in the hypnotic state,” said the doc. “You feel relaxed and you will do what I say.”
“Doc,“ I cried, “you’re not gonna make me cackle and run around like a chicken are you?
“Absolutely not,” he said. “I’m going to make you a better trader.”
“Gee doc, that would be great. ‘Cause if you want to know the truth, I haven’t been trading very well lately.”
“Mmm,” he said. The doc’s favorite word.
“And I’m a mass of neuroses too. I think it’s affecting my trading, “ I cried.
“Well it’s good you came to me,” he said “I’m a specialist you know.”
“I know doc. And now you’re a hypno-therapist. A great combination. Kinda like Larry, Moe and Curly. I know you can cure me,” I said, still deep asleep.
“Mmm. Tell me what you’re doing wrong when you trade. Leave nothing out.”
“Gee doc, I don’t know where to begin. I put on a trade and right away I get nervous. I start to sweat. My heart begins to pound, I feel heart ploppitations. I worry that the stock will go down. I watch every transaction and if it drops by ten cents a share I begin pacing. I bump into the wall, my head hurts. I’m afraid that I’ll lose hundreds, thousands. I want to sell the stock. You gotta help me doc. I can’t sleep, I can’t eat, I can’t make nick-nick.” I screamed.
“Nick-nick?” he said puzzled. “Is it anything like strudel?
Miss Tushbumper, you may have noticed her, makes wonderful strudel. Would you like some?” he said reaching into his pocket.
“No strudel doc. Trading help I need. I thought you were a specialist?”
“Mmm. This is a very interesting case, a very perplexing case. I’ve never seen such a case in any of the literature. I’ll tell my brother analysts about you, maybe they can give me some advice.”
“But doc, the market opens Monday morning. I need a cure now! I thought you were a specialist.” This did it.
“Mmm. Ok, I’ve just come up with a solution. A brilliant solution. Listen,” he said.
“I’m all ears,” I said.
“Would you like a piece of strudel?” he asked.
“Doc, no strudel. Tell me your brilliant solution.”
“Mmm. Yes of course. I shall give you post-hypnotic suggestions,” he said, beaming.
“I don’t want suggestions,” I wailed. “I want solutions.”
“Same thing,” he said. “Are you still deep asleep? He asked.
“Yes doc, I’m asleep.”
“So how come you’re talking? You can’t talk when you’re asleep. It’s a fact. You could look it up even.”
“Doc, give me suggestions, please,” I pleaded.
“Mmm. Ok,ok. When you get nervous think good thoughts. Relax.”
“Doc, you’re a genius!” I cried.
“Of course. How do you think I got to the top of the shrinking game? Ok, ok, “he continued. “When you get nervous, when you sweat and bump into walls and have heart ploppitations you will recall the word ‘bubeleh’ , the post-hypnotic suggestion. And you will trade like never before. Millions you will make. Trust me on this. Did I tell you I’m a specialist?”
“I think so doc.”
“Ok. At the count of 3.1416 you will awake.”
I awoke, felt terrific. Couldn’t wait to trade.
Lee Kramer
Copyright 12/14/02 LSK Ltd.
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MSFT: MICROSOFT CORP(NASDAQ) Saturday, Dec 14, 2002 11:28 AM ET
Symbol Last Time Change High Low Volume
MSFT 4:01 PM 52 1/2 -1.67 -3.08% 53 3/4 52.49 32,702,809
Prev Close Open Bid Ask Last Tick Avg Volume 52-week range
54.17 53.68 52.54 52 3/4 Down 34,745,000 41.41 - 70.62
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