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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Dana Johnson who wrote (5668)3/1/2001 10:23:42 PM
From: Jenna  Read Replies (1) of 6445
 
Dana, NVDA posted with a SHORT PLAY bias today.. and today was supposed to be the complete breakdown, Of course we don't expect NVDA to sustain, however we were speaking in the room today of it tenacity and the breakdown level and that tenacity projected itself in its awesome recovery. But so did CCMP, and DPMI, UTEK recover it changes nothing. It only means we really can't take home SHORT plays because whether we like it or not, these are plays that Institutions have smiled on and they move up strongly in rallies. Its only after their complete breakdowns will they be shunned if that even happens but we don't predict anything we just can trade them as their momentum explodes, either as a short or a long. We don't really care, NVDA is a trading stock.

But here is the caveat, in NVDA we traded from earnings through the pretty god report, but we are STILL on the looking for those low p/e stocks for longer term across all sectors, but I hope I am making myself clear when I differentiate a solid trade and possible "Anticipatory Downswing" or "Upswing" on a company like NVDA to the desire to hold say a company like TGT or KM, which may or may not be the fundmentally sound company I am looking for, that remains to be seen as both are reporting next week, but its definitely NOT in NVDA
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