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: cowboyfan who wrote (113623)	9/9/2000 2:07:59 PM
From: Jenna	Read Replies (6) of 120523

Observations from another lurker. We by no means suggest everyone that criticizes has an agenda. An honest query deserves a thorough answer. My own lurking on this thread and others on SI does in fact confirm that the spouting of 'successful stock selections throughout the day' is really an illusion, when in reality most of the plays on this forum and many others are 'after the fact'. I have lurked and seen posters say 'wow XXX is at HOD or XXXX did so well today and I got in for 5 points'.. They also say that XXXX is looking good. I've seen this thread utterly deluged with scores of stock suggestions throughout the day. That is fine for a public forum like SI. Market Gems might have some faults but ironically the very reason we decided to go with a private forum despite the obvious was to get away from everyone and their neighbor calling 'picks' when the 'all clear flag was raised' and the nasdaq resumed to make 50+ points in one day. I started giving intraday updates very intensively on this thread from the market crash in mid March just at the time posters were heading for the hills and there were not many trading opportunities. These updates were a stepping stone and learning process for myself to see if 6 months of calling trades in a down market could work to offset the frustration of traders/investor during that period. A full day was put into these updates and that was in addition to the night work of making up the watch lists and earnings plays. They were never intended to be a permanent fixture on SI for all that work and effort. I won't say more other than suffice it that these updates were so successful that the next obvious step was to start a forum where the picks were regulated and reserved to those that had chart patterns and were watch lists with 'sign posts' and entry was carefully calculated from these pivot points rather than from 'the most up' list or the walking wounded stock list. Part of our strategy is based on picking stocks that are leaders which come from the top sectors. In earnings plays they are about to make key moves upward on "Anticipatory Upswing" and they do. Our stocks have come from the electronics, medical and semiconductor sectors which have made huge gains in the past 5 or 6 weeks. We use stocks with strong fundamentals for the most part but all the stocks whether fundamentally sound or not come with good technical positions. We use stocks that are in patterns like the bull flag patterns, cup & handle patterns that are right before a breakout point. If the patterns begins to waver and the stock falls a support level, key moving average or handle breaks down, we leave it. We dump any stock that falls 2-3% below our trigger. What others do is their business and we are not concerned with posters picks or even those that are in our own private forum that might make 'suggestions' of stocks that look good. We keep a pretty tight lid on what can be called with explanations, chart patterns both before and yes after the 'fact' but only when a successful trade has beeon completed. Our strategies might not work for some, or enough chance might not have been given to try it out, but either way it definitely works for others. Enough others so we are moving on from here with more and more education in every media, fine-tuning and giving an honest endeavor to 'call' the best moving stocks from our special list of past earnings plays or other 'hot' plays in exceptionally high flying sectors. Market Gems takes no short cuts. I leave no stone unturned in my analysis, research and intraday calls. Jerry picks up the momentum with the drive and leadership necessary to instill confidence in novice traders that still have panicky trigger fingers. We will continue on this path but we won't print the testimonials, thats gauche. But feedback and success is what drives us on. Being able to trade my own portfolio during the same period also reinforces my desire to keep up the professional level and excellence of the service If we slip along the path, we will learn from any mistakes and honest criticism is always welcomed.

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