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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (89532)3/21/2000 4:30:00 PM
From: Jenna  Read Replies (2) of 120523
 
CELG is so strong that nothing really takes it down too long. You could have easily traded CELG today twice on two clear buy signals but it was too expensive at the time and I chose ALKS above CELG. I've held them both a long time although of course sold them both too soon (actually now it is lower than when I sold).. Even for conservative daytraders, the gap down on CELG filled nicely, there were triggers at 101 and 105. If we had the trading forum I would have called them both but felt a responsibility to exercise some caution, and today I was really into ALKS and two expensive biotechs are more than I want to handle. but following the 'Pristine buy set ups' and Gorilla tactics I could have bought them both and used my entire trading account and made over 25k today, but I didn't. I opted for some little ones from the watch list, an option and ABSC, MOGN, ALKS.. safer but not as profitable.
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