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

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To: Susan G who wrote (98137)5/17/2000 7:02:00 PM
From: kha vu  Read Replies (1) of 120523
 
Hi Susan,
I did NOT have enough time during the trading hours to answer your question. Yes, for hit and run trades on a bad day, all we care is the the volume and price spread. We have real time proprietary software to trace those stocks and then check it against the call/put and open interest of the option. We trade on the holding time frame of less than 15 mns and get out if price fall below our tolerance. Yes it is truly hit and run.
If you take note of the time of the post about COVD, LTXX and two other AFFX and PDLI you would notice that there are
good volume and price spread. In case of AFFX and PDLI ,these are my two familar ones that have day trading range up to $15 and over then scalping $3-4 in a few minutes is not an impossibility on a bad or good day. Another example is HLIT, yesterday it went down but there was brief rally of this stock in between and one can scalp for few bucks.

Basically, I use Jenna watchlist and earning list to trade, BUT on such a day when the NAZ future going down at 8:00 AM I would prepare to do the HIT and Run.

Any way if you study PDLI and AFFX, these are good candidates for day trade as well as swing trades (1 - 2 weeks hold). As for LTXX the earning will be released 5/18 before market open - so I would prepare to sell pre-market and already sold COVD this afternoon. Incidently, LTXX is one of the stock that Jenna said that it might have surprise number and the June calls @35 were in high demand today.
Wish that this is the answer to your question.
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