Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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

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To: Ron McKinnon who wrote (4409)	12/21/1997 10:03:00 PM
From: Jenna	Read Replies (2) of 120523

Ron..I use Reuters Real-Time. I find it gives streaming news at about rate of about 10-15 per minute and I pre-organize them into categories which are reported in real time 1) mergers 2) contracts 3) splits and upgrades/downgrades 4) Earnings reports in real time as they are reported by the companies. 4)general financial news (includes all the others) On a fairly normal day when the news is good the stock rises. I can, after paper trading the news for 6 weeks, usually tell if the news will precipitate a price rise. Banks that are given upgrades usually give you about 15 minutes before their prices rises significantly. The biotechs and small caps give from under a minute to 15 minutes before the price rises significantly and here's where your instant execution broker pays off. On Friday there was a 'strong buy' initiated for Mattel and I followed the stock throughout the day..it was fractionally in negative territory all day and MAT finally tanked -1 5/16 by day's end. On Thursday Northern Telecom declared 2-1 stock split.. next morning stock was downgraded and down over 2 points. During the last week, many oil sector stocks were upgraded, fantastic contracts signed, rigs being built, etc. and nothing has really changed the lackluster oils in last two days. CCL, MLHR, SJK, PRGS reported earnings above estimates but were basically ignored by the street on Friday. My point is that when the day is normal (not down over 100 points) the news will definitely be a boon and cause the stock to rise. Biggest rises are from a) higher than estimated earnings announcements b) upgrades to 'strong buy' and good but not as good are upgrades to 'buy' 3) when contracts are signed, 4) stock is bought back, but if the market is tanking I wouldn't buy anything associated with news. Good news tends to be ignored. On the other hand there are a handful of micro caps that have good news enough to elevate the stock up to 25% during the day, but for this you have to be really skilled since these stocks trade from an average of 1 to 6 dollars a share. I noticed that #daytraders usually trades these stocks. I have rarely traded them. Another thing is that it usually pays to spend a little more for the real-time news. It pays for itself many times during the day.

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