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

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To: Jim TenIron who wrote (74084)12/2/1999 9:57:00 PM
From: Jenna  Read Replies (1) of 120523
 
It does especially on the internet but I never stay in a retailer for more than a daytrade. Ironically they are more volatile than the internets. You have a good day, maybe 2 but then they slide down. I had that experience with BEBE a few months ago so this time I was forewarned and took profits after only one day. Today the market soared but BEBE was down. I got half of the TJX 4 day rise because I was afraid it would sell off after 2 days, today TJX is down 3 1/2. Certain retail like GGUY which was going to go on the watch list on the first but I changed my mind because it was up 'too much' on the 30th.. and it was up quite handsomely. Same with SUND.. I tend not to trust these stocks more than one day so I miss out on occasion.

I seem to have way more luck in software companies that have 'hits' for the holidays (although they are up most of the year)... ERTS, EIDSY, THQI had a nice run before correcting and I'm back in. I used a lot I made on ZLC last week in shopping at Zales's.. give back some <g> I waved to its neighbor WHJI but didn't make as much on that one.. It seems to be selective and its not that easy. I got LXK options at 4 1/4 it went to 5 5/8 before dropping back to 4 today.. although I'm holding those.. You can't really tell. But I do agree you have to keep them under your scope daily. What you need to do is keep about 50-100 of your favorite stocks and 'learn' their historical price patterns. For me is select IPO's and earnings plays and a splattering of NYSE stocks (mostly for my husband)..Most of them are in the tech sector, communications equipment and services, software, Israeli, British and now some more Canadian issues as well.

I also like biotechs a lot and often I find about 2 or 3 that I can 'play with' for months although never holding too long. The retail sector reminds me too much of ABS, RAD, MAT and some of the fiascos of late.
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