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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 (106192)7/7/2000 3:46:24 PM
From: Jenna  Read Replies (2) of 120523
 
KEI, BVSN, HIFN, VNWK and CA.. Careful about buying into strong downtrends. Updated the chapter on Entries/Exits, trailing stops and general entering of stocks in the midst of severe downtrends and chasing surging stocks. You will have it by the Monday Watch list. I'm not one for buying stocks that have been slaughtered. KEI was a disaster de jour today again. VNWK, HIFN, CA all did crappy today and there are better bets out there than BVSN. For me dead cat bounces are good for re-shorting on any limited strength. I think next week we should focus on recovering stocks and stocks with earnings anticipation and leave the 'dead wood' over. Of course an early morning bounce might come, but I'd like 5% plus on my trades and perhaps carry them over into a swing trade for 'maximum overdrive'.. The odd fractional gain is not that tempting.
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