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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 (116326)11/8/2000 7:05:23 PM
From: Dave Gore  Read Replies (1) of 120523
 
Jenna, so taking BEAS as an example for tomorrow, you are saying (if you don't yet have a position) to NOT trade it until you see how it acts at 9:50 - 10:10 and then see if the action from 3:00 - 3:30 mirrors it?

So, if it gaps up but reverses to the downside during the first reversal period, then goes up but starts to reverse down again after 3:00 it's a good short candidate for tomorrow?

But what are the circumstances specifically under which you would choose to actually short it?

In other words, I assume that just because a stock exhibits weak behavior you won't short it after the 3:00 pm period (EVEN IF IT CONFIRMS THE EARLIER REVERSAL) unless in your estimation it has significant downside.

So how high would BEAS need to get after 3pm tomorrow before it would make a compelling short for you? $81 or ?? and what would be the downside target?

Again, would it have to be in the upper range of your Bollinger or other band before you would short it?

Also, how do you determine how strongly it might far and how quickly it might fall?

Let's use BEAS as an example for tomorrow if you are willing. Be as specific as possible.

Thanks... who knows maybe you will get more subscribers if you can help more folks understand and feel comfortable with an example here or there.

You approach sounds great but is very complicated for the non-technical person to ever trade based on the info you supply, since you often don't specifically give buy and sell limits. Also, many of your mentions are after the fact, so of little use in examining your success.
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