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: kendall harmon who wrote (98609)	5/19/2000 10:54:00 PM
From: Jenna	Read Replies (1) of 120523

kendall, no one is more than a 'mouse that roared' in these markets. One that pretends to be otherwise is quickly 'doused with a deluge of reality'.. Remember that post to grab "TWE" as it will gap for sure 4 points ;-). Its just that strategies that were fine 4 months ago are evaporating today. Also I'm not sure if a 'daytrade' after a drop like HH had is all I would want. I find that ironically there are better daytrades this last week than in a long time. The only 'side effect' is that be prepared to lose on some stopped out trades and you must raise the risk and stakes to rake in the larger gains. And be sure that NO ONE can time this market now you can only roll with the punches. Trendlines are dropping to lower and lower support. You will need nothing less than a defibrillator to shock this market back to any semblance of life. Right now this market is on life support. If I couldn't take advantage of shorting opportunities I would lose 50% of profit potential. I find staying short more 'comfortable' than going long and that probably adds an element of skepticism to potential trades on stocks that have had bad news and moved down. There are just many intraday trading opportunities today for 5-10 point gains on both long and short positions that I find myself focusing on larger gains on short possibilities after swing trades on stocks like CIEN, SCMR, PDLI, TRRA, ELON and CORL... and then "anticipatory upswing" on stocks that even in these down markets move 1-4 days BEFORE earnings. Now I'm shorting the rallies of earnings and shorting the recovery "spikes". I haven't really evolved a strategy for dead cat bounces on earnings disappointments from other sectors in these troubling markets. I think even old "dead cat bounce" strategies need tweaking. I remember traders getting into stocks like QLGC after huge downswings only to have QLGC move to deeper and deeper losses. You know more about "dead cat bounces" in these markets than I do so why would I devour you.. especially after all these many, many months of posting ;-) My "dead cat bounce" theories have not had time to really 'morph' together with the new markets of today.

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