To: SAMS BONE who wrote (44879 ) 6/17/1999 12:15:00 AM From: Jenna Read Replies (3) | Respond to of 120523
For tomorrow, I like GNET.. notice how it closed right above the 100 day moving average and 18% below the upper Bollinger band.. Keep your stock list short so as not to get confused with too many breakouts, turnarounds, and trendline shifts. GNET is still one of my favorites (others you will find on today's watch list) GNET did not close on the day high but if it gets to any price above 116 3/8, I'm getting into this one as well (the options). I also like NSOL.. (stock) which has had some unusual uptrends a week ago. would consider getting in between 68 and 69.. its had a 30 and 10 day moving average break out. I think we should be accumulating small stock positions but larger option positions.. Probably the stock that surprised everyone today and could lead to a final resurgence of the sector is AOL, with INKT and YHOO at a close second and third. I think I got as much as I want out of DCLK for now. Remember buying 10 calls of these positions will only cost between 3 and 10 bucks a call (depending on the price of the stock)... It is typical to expect at least 3 option points (3,000 bucks) for an average intraday option trade, holding overnight you can double that, holding a third day even longer, which is the attraction and I understand that. I have been taking smaller profits (3 out of 6 or 7 points), but I'm gearing up for the larger ones with earnings coming out. I'm also getting some research help for July to find the 'smaller' wonders like RIMM, and others that still have potential for triple digit revenue growth and some with triple digit earnings growth. You have been noticing the large gains in stocks like GEOC, GALT, CREE etc.. that will only augment the potential gains of the internet sector in the next 6 weeks..