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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: Clang who wrote (44867)	6/16/1999 8:47:00 PM
From: Judy	Read Replies (1) \| Respond to of 120523

Now that is an idea I hadn't thought of <G> Judy in ME OJ - there is another JJ too

To: Clang who wrote (44867)	6/16/1999 9:54:00 PM
From: Jenna	Respond to of 120523

More Consistant Earnings Plays tracking is a must.....I would not have held ORCL either, nor JBL. I bought CC, BBY and TAN for my husband (sold CC before earnings, sold BBY before earnings) but managed to hold TAN for two swing trades. I've been doing earnings plays for the third year now and there was no way of knowing that ORCL would be up 33% today.. (I'm sure that a normal market day would have had it up only about 10-12%) I think we do need discipline and strategies and not diverge from them. ORCL would have been a buy if it had some breakout on Tuesday, but it didn't so I imagine those that those held were 'investors', and/or those that held ORCL before earnings and planned to hold for a longer term and not traders looking for a short term gain. JBL.. has a notorious history of super ups and super downs and although it did show anticipation, I think we should follow a strategy like this: If it has anticipation you can buy it but sell at end of the day, if it doesn't have any anticipation at all (i.e. no 15 minute intraday chart breakouts and of course no weekly breakout) than I would ignore it as well. That way you would have a few points from JBL, miss ORCL come out with a 3 point gain. (That's more or less how I played them).. Remember however that 'anticipatory upswing' begins a week or two before earnings, so the better stocks like CC, BBOX, BBY, even CMGI, CS, CA, NSM would give you a swing trade before earnings and not just a day trade the day OF THE REPORT or day BEFORE earnings come out Another thing is that when ORCL pulls back (and they all do) it has now 'returned' to the fold (like ADBE, EFII, INTU, MACR) and will continue to show strength and growth with each and every market rally (just look at any earnings play that beat the street to see that).. Long John, whose website I'm linking the Market Gems website tonight is 'tracking' our earnings plays after the 'trigger' buy, after earnings come out, and for up to a month or two.. I've even got another company research site to 'track' our watch lists in a similar way and 'help' novices with entries and exits (this other site will also be ready soon)..