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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: Suresh who wrote (49756)	7/10/1999 2:32:00 AM
From: Jenna	Respond to of 120523

<< Actually I am more comfortable taking short positions in companies which trade more than 2 mil shares/day because none of the small time bashers or promoters can influence it much. On the other hand in a stock which has a trading volume of less than 500K it is a fair game for either camp.<< Good point and of course true. I do mean companies that trade under 500,000 with sudden swings of 150-500% above their 30 day average volume, in fact that's what attracts me to the stock. I also agree about you estimate of a bear market and bull market. There was rarely a day that I didn't trade even through the last 2 or 3 'baby-bear markets'. I call them that because older and wiser traders than myself talk of major bear markets in 87 and 91 and I've not experienced those markets. I've only been in this country since 1987, not giving me that much experience since I was not active in the market those years. It was not until 1994 and my discovery of the technology sector through stocks like CSCO, MCAF, HWP and WDC that I 'fell in love' with it all. Then followed the oil service sector in 1996 and there was no turning back. The culmination was the internet sector in January 1998-April 1999 (28 months of this documented throughout this thread if you have the patience to check from the beginning in March 1997) I was also here through 1979 for (came at age 12) 6 years and high school and junior high .. so there is a gap of 20 years where I have lived in Europe and Israel so I can't compete with you knowledge of really beary-beary bear markets. But I have experienced foreign stock exchanges (mostly London, and Israel Stock exchanges and the latter was a lion while the former was a lamb).. Also it is my intention to accrue enough capital in the next few years not to have to worry about being a genius trader in every market for the next 20 years. I enjoy this work immensely but I have no illusions that this success in these markets or even in Market Gems will last infinitely. But as I mentioned many times, these are the fat years for me and I'm gathering my acorns for the possible lean years ahead. And I agree that traders don't make as much as investors in the long run, but in August-September 1998 I divested my entire long term portfolio for an intermediate (up to 3 months holds) and larger trading portfolio and I haven't regretted that move for a moment.