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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades

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To: Dave Gore who wrote (1032)6/15/2001 11:48:06 AM
From: Dave Gore   of 1227
 
QLGC still is a great stock to play. BEAS also has good money flow today and EXTR's money flow has turned very negative shortly after the runup caused by the CNBC mention and the pullback in the futures.

QLGC is just amazing. Although you need patience, you can really profit off of it, if you get to know it. I almost think one could just trade that one stock and really get to know it. I missed shorting it since I was out all day yesterday, but I sure caught the updraft today.

Too many people follow WAY WAY too many stocks, IMHO. Jenna, I think you are guilty of this a bit. Much much better to get to know a few that are volatile enough to play over and over, especially if they have recently guided and so you don't expect any sudden surprises, whether they be negative or positive. The last thing you want to do is get caught off guard by a sudden unexpected news event. If they move in lock step with the futures, like QLGC recently, all the better.

Hope all are doing well. I would watch BEAS too if the futures rally later on.
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