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

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To: Jerry Olson who wrote (99051)5/23/2000 4:37:00 PM
From: Jenna  Read Replies (3) of 120523
 
Dang, darn.. lost my connection on SI for over an hour. Did anyone else have that? Held INTU (options) but I'm short NVDA, ELON. I planned to short ELON most of the day after escaping. Tomorrow there will be more shorts. Have we bottomed? Not until all the blimps are deflated. I could have gone on and shorted towards the end, but I just stayed with two shorts. Closed longs but there were not that many after SMTC.

Anything up today at the close will only be down tomorrow, so whatever survived is fair game for more downside. ELON was not impressive that it landed on its feet. I am out AMK after a nice 3 day hold. What will only be our strategy is to go long at breakouts of downtrends and short the rallies. That will probably work for another month or two. By that time CSCO will be 40ish and we will get back into the tech sector little by little.

There will always be a 'most up' list but its never the same list the next day. We were lucky we had so many advances until the last hour or so of trading. I should have stayed short CSCO.. and BRCD as well. Tomorrow is another day. I'd love a nice 14% gain on NVDA and ELON, only time will tell. The best strategy is NOT getting back into all cash but taking a position in the direction of newly formed trend near the close and then hold the rest in cash.
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