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Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS

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To: Ramsey Su who wrote (388)7/7/2001 3:01:53 PM
From: -  Read Replies (1) of 565
 
STALKS IN THE NEWS! from Intraday Investments

This is to announce a new program we're launching as part of our unfolding "Sector Squadron" sector monitoring process. It's called STALKS IN THE NEWS!. Every morning before the trading session begins, we'll be covering the NEWS hitting the individual companies/sectors in our MASTER STALK LIST from the following day's close up to the minute.

The priority of our coverage will be as follows:

Level 1: Stocks that are on the current day's STALK SHEET (issues that have alerts setup for the current trading day). Example might be: "EXTR announced a $100M channel deal with (e.g., hypothetical) ALA this morning... so watch the other enterprise switch/router players (FDRY and CSCO) for possible reaction moves"... etc.

Level 2: SECTOR news - anything strongly impacting a sector across the board. Examples might be "Bear Stearns just cut the storage sector this morning... influential analyst; we think this will hit our Fiber Channel subsector stocks particularly BRCD, EMLX, QLGC"..." etc

Level 3: The (~80) stocks in our Master Stalk List which are designated as "Hot Stocks" (the most frequently-traded issues).

Level 4: News that is hitting other (~220) stocks in our Master Stalk List (sector model).

Frequently there is a lot of news that comes in overnight... we'll be filtering the news in realtime for the symbols in our Master Stalk List 'universe' to insure that we're always aware of news that impacts what we're trading.

Our trading remains 95% technically-based, as always... however (as we've demonstrated during live trading over the past weeks) being aware of what is moving a stock (the "why") can allow a trader that knows how to interpret that news (including the market's reaction to it) to become more aggressive at times... and it frequently keep that trader "out of troubled waters" many times as well. Knowing the "why" behind large-scale buying/selling can also be a big factor in determining our level of persistency with a trade, and will inform/influence how we manage our trade - setting our profit targets, trailing stops etc. in a more beneficial manner.

Good trading,

Steve, Deron, and Ed
General Partners
Intraday Investments

Now in "Active Trader" -- full-page Ad Campaign!
PDF posted on our homepage (click on the magazine cover):
intradayinvestments.com
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