Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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

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To: Doug Robinson who wrote (89911)	3/23/2000 2:32:00 PM
From: Jenna	Read Replies (1) of 120523

Shorted after profit taking: ALKS, GLGC and ABSC was shorted without a prior postion. Holding SEBL..HAKI but I'm now glad I closed NASI.. MSTR is great..left myself enough shares to enjoy the profit but I wish I hadn't sold most of them already.. Closed position in SCII and ADRX.. Considering a short position in ADRX (all my short positions are "short term shorty shorts").. I missed a good opportunity to short CLTK today but it will be a buy again pretty soon. Sorry for the lack of posting (that's why the watch list was very detailed).. I'm on a deadline with the book now and some editing the website for the debut on the Pristine New website.. I'm very satisfied with the way the Market Gems book is going. Its pretty much all I want to say with actual trades that were made and not just set ups that should be or could be. Its turning out to be longer with more attention to 'contrarian indicators' and ready to get into trades that are about to swing into negative territory. Its really a catharsis and I'm privileged to be able to share both lessons from winning and even some losing with traders. It is more of a 'text-book' like specific manual on exact strategies than a cursory description on trading tactics. I delve into details that are real-trading scenarios and it is almost an autobiography of a trader's trades. The trader being myself. I've spent a good deal of time on the earnings plays and will spend even more time one their 'proclivities' for unharnassed growth and potential all gleaned from actual experience and collected charts of all my trades.. The short and consequent long position in MSTR is fully analyzed and so is the soaring, drop and rebound of the biotech sector. I've learned quite a lot myself since January and ironically I THOUGHT the book was ready in January when I added another 50 pages and I'm trying to implement new strategies, into the book and at the same time establishing a 'backtest' so what I deduce should repeat in time when the same circumstances present themselves. But 17 earnings seasons have actually been very historically predictable.. It is also VERY IMPORTANT to know when to get out of a trade as it is to get in.. and proper sell signals are elucidated on, especially for "Earnings Plays" and strong uptrending stocks like MSTR.. Calling a buy is much easier than calling a sell.. Being noncommittal is not the way to go although we do allow for some 'differences in trading' personalities and risk tolerance (i.e. I tend to rarely look at my longer term positions although they are occasionally traded on and my tolerance for a down day is higher). Strict rules for trading must be set (I learned more about that myself lately).. You must be prepared to shortern postions (i.e. MSTR) and take profits even though the stock might move higher still. The best strategy is to leave a couple of hundred shares so you will enjoy a gain but leave if something unexpected occurs. The most important thing I learned this year is that if your stocks are moving very high and they sometimes seem to be spiking like the biotechs TAKE PROFITS.. Don't always let your winners ride on position trades, there is a time that its just too unlikely a major uptrend will continue forever. Learn from your mistakes, because if you aren't making them, then honestly you aren't trading but having a 'run of luck'... We will even have samples of a weekly calendar of custom earnings plays that we used and called 'triggers' and how to play and use a watch list with specific instructions. We will also have it geared to the non-market gems subscriber with ideas on how to scan for strong stocks yet having a little 'weakness' like a coiled spring for the another pounce. I'm not looking for a 'best seller' or another trading fad book just an honest way to pass on my experience, both good and bad and all the analysis and research I've done in the last 4 years. I just want to be able to have a subsciber 'KNOW' what I know and have the 'ammunition' for a good trade. Some are really novices and I can't wait until they can learn some practical ways to utilize our service to its maximum. Or even if they don't use our service which is also likely they can independently find and actuate good trades without overconfidence or the worst "a fear of pulling the trigger'...

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