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: Jenna who wrote (100011)	5/31/2000 1:50:00 PM
From: Jenna	Read Replies (1) of 120523

MOGN marketgems.com is an example of how NOT to get into a stock just because it reached a day high, even with high volume. You chance having your stock move down after others entered more timely, traders picked off a fat profit, etc. What you can do is watch and wait for another wave of buying or more confirmation. GLGC on the other hand, hit a nice buy trigger at 21 5/16 went up nicely to 22 5/8. That was not even near the best trade of today, but it was a solid gain on no effort. MVSN was another much clearer gain because a 'buy trigger' set in advance was alerted and you can enter, with no buy trigger you can only guess at an optimal range to enter for a 'scalp' Being prepared you can enter, but MOGN if you weren't prepared you got in at a high, after a gap up and watched it consolidate and move down. You should be prepared for all your entries. Nothing is wrong with news if you get in timely and call it timely, but for the most part the stocks will fizzle at a late entry with no preparation you don't even know the stocks pivotal trigger points. Its like shooting at a moving target.

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