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: Jenna who wrote (38874)	5/9/1999 1:11:00 AM
From: Jenna	Read Replies (4) of 120523

XMCM.. low of 66 - to a high of 81 3/8 and GEEK.. both XMCM and GEEK showed the same flurry of movement the day before their bigger gains. XMCM triggered had weak triggered a weak buy signals on Thursday which was called but not enough for solid play in the midst of a unsure market. You'll notice the big moves up come intraday in these unsure markets whereas the gap downs occur when you buy the night before anticipating a reversal and then you get a big morning gap down like AOL on Thursday. On Friday the buy signal for XMCM was clearer had more volume and more breakouts and XMCM traded to a high of 81 3/8, much like the buy signal of GEEK a day prior. I expect we'll have many more of these 'story' nets giving us 1-2 days of nice gains. I don't think they are power plays like VRSN and NITE, but there are about 1/2 dozen that could have the same good moves. Until the trend completely reverses I would prefer to get on INTRADAY plays rather than banking on gap ups the next day (which are really like playing blind man's bluff) and ending up with either gap downs or 'fake outs' in the morning. Wait a while in the morning, an hour or 90 minutes before you enter your net trades, then at least you have a span to watch your play like on a 'clear and visible road' ahead of you rather than holding overnight through the dark gloom and not knowing what tomorrow will bring. Too many traders who entered the nets prematurely last week ended up selling low and buying high it wasn't necessary. Our strategies will change back soon enough but it is still too tenuous a climate to hold anything more than small positions overnight.

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