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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 (93810)4/17/2000 8:48:00 PM
From: Jenna  Read Replies (3) of 120523
 
There are too many non-believers in the beauty of the swing or daytrade. Now AMCC which I bought and called this morning was up 46.22%.. Would I sell? you bet I did? ATML was up 21.33%, did I sell? No, I didn't really have enough time.. ADTN was up 22%.. AUDC was up, but not that much but nice enough. NVLS was up over 31% Did I sell, about half of it. Did I close my short positions on time? You bet I did, and I called the closing of all the short positions. Did I enjoy the short positions while they lasted? Most of them, notably not were BGEN and F..GNET was up nearly 15%.. Did I get it. Nope, but I'm more convinced than ever in:

A)The beauty and attraction of the nasdaq tech stocks that EARN money

B) Shorting is great for when the market is down, but the Short Term Shorty Short is still my favorite. My longest short was CHKP.. My shortest short was NEWP.
Every position was either 'called' (even the short positions) and the two or three that were not called were on today's earnings plays list.

I don't really care about some of the garbage that moved up today, I'll probably short them tomorrow, but its the earnings plays that outshown everything. Will I continue to be hit 'n run player? More than ever...

Will I 'lump' together biotechs and techs with good earnings, never. Stocks are not created equal, not in corrections when they 'seem' equal and certainly not in rallies when the biotechs have yet to prove themselves.
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