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: red_dog who wrote (96424)	5/7/2000 3:45:00 PM
From: Jenna	Read Replies (2) of 120523

Thread is still there just changed some of the content. In light of the disappointment in the 'internet' sector and the failure of making money by loading up on junk I would like to really emphasize a) huying fundamentally strong stocks even for day and swing trades b) Do you own DD and don't take any message whether on this board or any without a huge amount of doubt and skepticism c) Please continue to post the rationale behind your picks. News for one day is good for about 10 minutes, we try to hold longer than that c) Don't assume chart patterns will reveal everything. Most chatists won't commit to trades just quote chart patterns without any fundamental background, or confidence as to what will come next. d) If you are a short term trader sell your winners.. (Actually I would call it 'Take your Profits') Does that make sense? Yes in these markets if you have your 10-25% get out of the position. Unless your are independently weathly and can really afford to hold stocks like T that correct more and more I would have sold long before the earnings came out. e) Short when you can. If your profit loss ratio on short trades is 3-1 and you get out before 5-8% loss your short winners will greatly outweigh the short losers. f) The buy and hold theory is for teenagers, heirs to great fortunes who are playing the market for some extra money, those that take advice from money managers who have to wait for the next 'research report' to come out of their firm meanwhile they keep you in the stock until the report is printed. e) Don't take more than a 5-6% loss. Always use trailing stops to protect those profits already accrued. f) Never get influenced by fancy rhetoric, trading systems, artificial intelligence without a rationale of intution tinctured with research on where the stock has been, what is its valuation and what can you expect based on past performance.

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