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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Tom DuBois who wrote (16857)10/14/1998 11:03:00 AM
From: Jenna  Read Replies (1) of 120523
 
<<Do you ever enter some of your promising picks at the close...sleep with them and go for the gap??>>
Sure did.. VTSS, USWB, XYLN..OMI just last night. ELNK the other night, S&P index options.. that sort of thing. I do that pretty often. Earnings plays as well (not techs though) Don't hold much longer than 2 days.

<<Also (if you are willing to share this info), can you make this system work with relatively small positions (a few hundred shares) or are you taking larger positions and looking for 1/8's or 1/16's?? >>>

Never in my trading life have I sold for 1/8 unless I was getting out of an option or in some kind of trouble. I like 5% and/or 1 point..I'm a daytrader that holds for at least 1 hour - 5 hours.. Only in 'heavy' internets like AMZN and YHOO or techs (DELL, MSFT) can I hold about 1/2 hour. but never for 1/8..

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