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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (44630)	6/15/1999 9:00:00 PM
From: Long John	Read Replies (1) \| Respond to of 120523

SLR vs. JBL: A tale of two earnings plays. I was going to make a comment on JBL, but you posted first. Anyway, JBL and SLR both had similar fundamentals, their chart patterns over the last few months were similar, they both met earnings expectations. The technical indicators turned up a few days earlier for SLR, but they reported earnings a day earlier than JBL, too. So was there a difference that could have tipped one off BEFOREHAND to the opposite reaction they got after the earnings reports? The best policy still seems to be don't hold through earnings as you said. Both stocks are on my site now concentric.net. John

To: Jenna who wrote (44630)	6/15/1999 9:10:00 PM
From: kendall harmon	Read Replies (1) \| Respond to of 120523

Starting with the second paragraph, Jenna is quoting from thestreet.com. I know, I know, I am an enthusiast and keep encouraging others to subscribe. But it is important on the net to give sources as far as is possible.

To: Jenna who wrote (44630)	6/15/1999 10:36:00 PM
From: Jenna	Respond to of 120523

Volatility... its a money maker. Much more caution will be needed but because the volatility is now unmatched on many stocks (even little AA and BHI have gotten some) short term traders will be making more money than before.. The flip side is unfortunately the 'novices' might not be playing correctly. At 9:48 I was going to call YHOO calls when the stock was trading at 121 3/4 when my computer conked, although by 10:15 I was 'back' YHOO was trading at 125 5/8. YHOO was still a techically a buy but the 'leverage' and 'momentum' from a nice timely and early buy was lost to a large degree (not so in ADLAC which I managed to 'call' when it was up a little under 2).. I decided against the call, worried some might be buying too late (i.e. buying high) as the stock was rising rather quickly. On another 'average' day 6 weeks ago I would have made the call and figured it would make at least a good swing trade, but now the 'window' is shorter and I'm looking at a half day hold on average (50% of my trades) and full day to overnight hold on 25% of my trades and only 10-20% of my trades longer than a few days.. But as you saw, if you are closely tracking our plays or even your own plays, get a handle on the chart patterns they are creating so you can trade in and out profitably. I am closely watching about 100 - 125 stocks which is actually quite a few less than my usual 500 to 600 I track very closely (both fundamentally and technically).. I find that the more time I give to these select 'few' the better chance I can make better trades (i.e. GMST, ADRX, DISH, IMNX, EFII, MACR etc.etc).. No more following 100 internets because if you spread yourself too thin in these trying times you will not be trading with confidence because the chart patterns will be 'unknown' and resistance/support levels will be changing constantly looking more like a lava lamp than a technical analysis chart. I look for the most volatile stocks (volatility has now about 70% weight for my stock selection, up from 50% weight)... I want explosive moves (hopefully catching them up and down fairly decently)I don't have patience for the slow movers although I do occasionally mention a nice hold on a few (CDRD, RIMM, COO,ADRX, FWRD, PLTX, ITN,PLCE, ADLAC, FRNT, HLIT, CREE, GEOC,GALT etc). I also know I can easily 'chance' a 1-2 point loss on a stock or option (or 3-5%, by buying and holding for one or two sessions) on the hope for a 5 point or more gain intraday or overnight, rather than a 10 point loss upon holding too long waiting for a stock to come back (I don't think some of them will ever 'come back' although paradoxically I think others will move in and take their place). I'm averaging about 60 - 68% gains from a possible 100% range of a stock rise which is not quite like holding overnight for the gap up (or down) but is nontheless a profit (i.e. EBAY from yesterday, CMGI from Yesterday and YHOO from yesterday). This is balanced by the few that I do hold for 1-3 days which give a better gain than that (average range during those 3 days). Our buy signals are mostly short term, although the stock can also have a weekly breakout as well (most of the nets probably won't but the other sectors like telecommunications, advertsing, cable, news etc will have longer term breakouts)..