SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LastShadow who wrote (4240)12/8/1997 9:30:00 PM
From: LastShadow  Read Replies (2) of 120523
 
Watch List 12/9: Part 2

NSCP broke resistance, as did INEL and are now both buy candidates, although INEL is starting to look a loittle overbought I will stick with it as penetration to a new local high is usually good for more for at least a day. SFA had a nice gap and hopefully will sustain it tomorrow. GM seems to be slowing a bit, but I'm staying long on it. I got into BORL last week and its still on a slow climb, but nothing to write home about. I think my big play may be with CPQ tomorrow or Wednesday though, as its formed a nice ascending pennant with appropriate volume.

Both yesterday's and Friday's Watch List were fairly accurate and profitable even for end-of-day traders, so I'm starting to think I know what I'm doing. Actually, I've made some elemental changes in the net to reflect post-tanking recoveries (at least thats what I intended) and it seems to help. The real proof will be if it accurtately predicts exits before the market has the next minor correction. It isn't showing one for the rest of the week, but the learning algorithm needs to see a correction and incorporate those indicators in order to grow, so I can't vouch for that yet.

MANU was the best call, but I may reenter tomorrow. I only wish I had been around to trade a couple of others today. Still long/bullish on DIMD, GM, INEL and TCOMA also, but stops are set so I wont watch them intraday. IOM and FRTE both failed today and therefore are off the short term lists. Exit stop was met/filled on ASND, so not expecting much from that one. Decided to get back my previous loss on that one a nickel at a time I guess...

lastshadow
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext