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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: John NY who wrote (100456)6/3/2000 1:10:00 AM
From: RC Stein  Read Replies (1) of 120523
 
Hi John. I've had that same problem with the "server may be down" message myself. It is usually cleared up by killing my internet connection and signing back on again. Whats strange is that I can get onto some sites but not others, but starting a new connection usually cures the problem.

I noticed in a later post you said you were having problems with your trades. I seem to do worse on these big up days than I do on a normal day. So many stocks are gaping up 8-10-12 percent in the first 5 mins of trading that I end up chasing them and get creamed before the day is over. I have helped the situation by tightening up my stops to 3-5 percent and sticking with them and by deciding at the end of the day which stocks to hold overnight. I know that as a rule it has been very dangerous to hold overnight, but many times thats the only way I have been able to catch the gap up the next morning. Lots of them are gaping up during the first few minutes to their high of the day and then going flat for the rest of the day, or going down as the day progresses.(I know I need to learn to short). I'm not sure there is a good answer to this problem considering the way the market is now, but hopefully we can get into a market where the decision to hold overnight won't be so hard to make. I still think that a one or two day hold is a better way to make money than in and out in the same day, but it's also more dangerous. Many times, I will just not trade rather than take a chance on chasing after some stock thats already up 5 or more percent for the day. Just some food for thought and to let you know you are not alone in this situation.
Richard
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