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

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To: Kavika who wrote (82596)2/10/2000 11:20:00 PM
From: Jenna  Read Replies (3) of 120523
 
You sound like a human version of Telescan or WOW (Windows on Wallstreet). I read no news except that on stocks on my database of about 50 stocks at a time.. I like knowing in advance the buy triggers, technicals and even fundamentals of a stock. I also like 'repeaters' and former earnings plays as I know their hostorical price patterns and can hold them longer. Totally unfamiliar stocks are like a grab bag, you don't always know what you are getting.

I only hold about 6-7 trades at a time and even then its difficult to make a perfect decision. If I held 100 stocks, I'd have burnt out by now. I don't even watch that many at a time.. You're either very young or haven't experienced a down market. I once held 26 options positions and lost them all for a total of 36k in one day.. I was doing so well before that happened that the vice president of the brokerage where I traded called me up and asked how I did it.. Then the bottom fell out and the 'economic crisis' in Japan hit. I stopped trading options and only held 2-3 a month. Now I usually get triple and quadruple baggers but only on 2 a month. RNWK,ERTS and SNDK were my big option plays for January and February. Its not a fortune but its safe and trackable.

I've since made that much in one/two days on a good day. So basically I'm going the opposite way that you are so you should be careful, one really bad day and zonk!! What will you do if there are two down days when the market is down 4-500 points? Trading should also be with a 'survivalist approach'... ready to abandon ship and like I like to say "sitting on your packed luggage" travelling light ready to move at a moments notice.

The market can hold surprises and I'd hate to have to sell 100 stocks if there is a correction.
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