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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: dan36 who wrote (118462)12/7/2000 6:05:12 PM
From: Jenna  Read Replies (1) of 120523
 
CFLO: marketgems.com depends on how long you want to hold.. I'm still a stickler for dividing the day into Reversal Periods. And although I agree today was a bit disjointed there WERE shorts in the morning and there WERE long plays in the 10:35 reversal period. There definitely was short plays that triggered when many stocks dropped off their 200 period moving averages on the 5-minute chart and you will see that. However, if you want to hold positions long/short more than a day or two I agree it is a patchwork quilt. But depending on What YOU WANT FROM A TRADE.. I have learned in my limited experience that if you are convinced a certain stock is plain overbought and overvalued, hold on to your judgment and see it through. If you feel your short is based in proper research and analysis, don't give it up if its up 1 or 2 points..hold for the longer term gain.

There are daytrades that are good for 1/2 hour to 1 hour or more and there are swing trades but you can't have everything turn out to be holds. We were saying in the trading forum today for example on CFLO from the watch list that if you have 5 points from a trade in 1/2 hour why risk holding it for a longer term trade? CFLO is not an investment... but on the other hand if you are in JBL, JDSU, QCOM you might want to hold through a correction or two and risk a swing trade if you believe in your analysis of the company. This is true both on the long side and on the short side.
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