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

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To: Jenna who wrote (13428)8/26/1998 12:41:00 PM
From: Jenna  Read Replies (1) of 120523
 
BVSN the Highlight pick of today's watch list traded at 20 5/8 after the first 10 minutes of trading and got to 21 7/8 even with the down market. Together with NN and CMVT..and REXI giving over 1 1/2 point intraday. Add the index puts in the morning and calls in the afternoon not too shabby. Currently out of all calls and added more puts when they were 'bargains'... I think downside is greater than upside. Consider minor rallies as opportunities to buy puts a little cheaper. All I'm considering now are 'earnings plays' (NN,CMVT,ASC), major upgrades (BVSN) and puts.. to play both sides of this market. ASC an earnings play that beat the street nicely on Monday, lost in the market climate and is coming back.... Note the street beaters (COST, ASC, HD, AVEI) will be the first to rebound.
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