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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 (49437)	7/9/1999 4:12:00 AM
From: Jenna	Read Replies (3) \| Respond to of 120523

I have been spending the better part of the last 2 hours answering scores of e-mail and I reiterate that I would exit 75% of my positions at the end of every trading day and another 10% after 3-5 days.. I only have a short term portfolio with 10% of my assets. NEON, NAV, KO, RAD, no stock is safe from a sudden 'shortfall announcement' when you least expect it. I don't believe in long term gains. My neighbor did well with PFE only to have it halved, same thing happened to him with DELL, CPQ and even his AOL (he sold before it even came back).. His mistake was complacency. Never churning a portfolio is almost as bad as churning it too often. I would have sold those positions after 10-12% loss of highest profits. I sold DELL in August of 1998 and never looked back save for a short term hold. CPQ was a joke that I never took seriously, I opted for LXK at the time and never regretted it. Then I went into GTW a season later, again no regrets there either. Now I have more uncertainty so I stay clear of even those save for a few 'young' media, telecommunications stocks and some retailers. There has been a lot of money to be made in the internet sector from January 1998 through January 1999 an then again through end of April 1999, which is when I exited all my long positions. I expected a resurgence the very last week of June through July, but again things are going a little too quickly.. Just watching 2 short positions and 3 long positions in YHOO in less than 7 trading sessions is a little intense. Use the earnings plays to D-I-V-E-R-S-I-F-Y even your trading portfolios. If you like IPO's then by all means get one but hold it for the 10-20% gain and exit the position, that is a lot of money to be made on a trade, waiting for more will lose you that 20% gain.. The KOOP's, WITC's, JWEB's are fine for very short term, but I wouldn't go on a trip out of 'range' of my broker or PDA.. for even one day. Another thing is utilize the 'upgrades' before earnings come out. KLAC did have one down day but had at least 5 very up days since appearing on our calendar.. TERN, AUDC, SDWC, all on our list, don't miss out but trade smart.. Leave a little on the table.. remember 70% of a profit is better than 100% of a loss. If your stock has a good earnings report and sells off, don't forget it.. Wait for the pullback.. LVCI needed a few weeks wait but was worth the wait, same with BGEN, VTSS, MSGI, MSPG, ELNK, EXDS etc.. When stocks like BBOX, AHAA or RIMM have good reports, record them in a journal.. return to them after a pullback.. They are better bets than some of the nets with questionable returns that just live on revenue growth but no real EPS growth. Look at stocks like RSC, WEN, FRNT, JEF, SWY, AA, COST, LOW, GE.. They might not be glamour stocks, but over the long term they will outperform the IPO's.. Keep a balanced portfolio.. Learn to take advantage of very overbought stocks (i.e. DISH) and short them when they show signs of trend reversal. Nothing stays up just as nothing stays down.. I follow CREE and know it as well as I know my own son's habits, utilize this knowledge. Ask questions. LGTO was a question ballied around the thread two days ago. Opinions were offered, the stock was up plenty. Never only go long or only go short. If you are in doubt stay on the sidelines. No one ever lost money from holding a fat bank account while waiting for the market climate to come into clearer focus. No one ever went broke taking profits off the table, but they did when nets that are up 30-40 points are not sold but held. Most of all be careful about braggarts.. Check if a stock was called timely, don't rush in because someone says they 'made 10 points'.. You might get in just on the down leg of that 'supposed' trip up. Trust people that call their plays in advance, post lists and seem to follow them and know what they are doing. Careful about the perennial prognosticator.. No one knows what a stock will do, most assuredly not an unknown poster on SI. There are about 1 dozen posters I trust implicitly mostly on this thread and a handful on other threads, the others I have no opinion because I have not seen any track record. Careful about people that 'disappear' before a stock moves only to reappear after the gain has been made.. or on a particularly difficult day. Most people can trade in up or down markets and not afraid to 'commit' themselves to the trade in advance.

To: Jenna who wrote (49437)	7/9/1999 7:26:00 AM
From: j g cordes	Read Replies (2) \| Respond to of 120523

OT to anyone.. I'm having one brokerage take over another's accounts. What fees have others here been charged for account transfers if any? thanks in advance