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: DlphcOracl who wrote (42359)	5/28/1999 7:44:00 AM
From: DlphcOracl	Read Replies (1) of 120523

Contrarian thought for Market Gem thread: Most traders are reluctant to hold positions over a long, 3-day holiday weekend. I think a cogent argument could be made for doing just this. FWIW, an empiric observation of mine is that the market often opens strongly and gaps up after a long holiday weekend. Traders and investors have a chance to relax, sort out their picks and strategies, etc., and markets seem to reflect this "good mood". In short, it might make sense to track your top picks over the course of today's action, see which ones have the greatest decline, and buy them within the last 10-15 minutes of today's action. If I am correct and the market opens strongly on Tuesday, you will be holding your best positions and catch a strong "pop" on Tuesday's open. Just a thought.

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