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

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To: Nathan who wrote (9788)5/28/1998 10:08:00 PM
From: Jenna  Read Replies (1) of 120523
 
Nathan.. I will probably go for the stock in the morning. I could get it before the open or just at the open.. It's much simpler that way and you could get out in under one hour with a profit or ride it throughout the day. I'll be looking for increasing volume, price from 8:15 on as well as watching the oil service sector (which looks good to me now), price of futures, etc... MIKE today was good for a double profit since it retraced it's early morning gains in the afternoon, although I never bought it back.

I played AEOS both ways.. first by getting the stock (in the early morning)and getting out two days later and then by picking up the June option near the close of the day. Of course playing the overnight gap with an option is the preferred approach (as in COST this afternoon)with options.

Another way to play it is to buy the option at market or you will NOT be able to get in at all and the option will get away. Considering the 'bargain' price of this option it could be good for a few days of gains. (Please check out the gains made by VTS in its last report in the newsletter: marketgems.com I have a more detailed analysis there.

VTS JUN 20, 1998 $ 50.000 CALL-
VTS_FJ - DAILY PRICES

DATE OPEN HIGH LOW CLOSE

---------------------------------------------------------------

05/15/98 N/A 10.000 9.500 9.750
05/18/98 N/A 7.875 7.375 7.625
05/19/98 N/A 8.125 7.625 7.875
05/20/98 N/A 6.875 6.375 6.625
05/21/98 N/A 7.625 7.125 7.375
05/22/98 N/A 7.500 7.000 7.250
05/26/98 N/A 5.750 5.250 5.500
05/27/98 N/A 4.625 4.250 4.437
05/28/98 1 15/16 by 2 3/16
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