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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: john rieck who wrote (55544)	8/11/1999 11:31:00 PM
From: HairBall	Respond to of 120523

john rieck: When in doubt....sit it out! Regards, LG

To: john rieck who wrote (55544)	8/11/1999 11:33:00 PM
From: Jeff Jordan	Read Replies (3) \| Respond to of 120523

IBM seems like a nice safe bet to me.... buy and forget...should return 20% in my estimate. And then there's LU

To: john rieck who wrote (55544)	8/12/1999 12:43:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

Well PHCM was strong all day yesterday and one of the only nets or for that matter nasdaq stocks that held positive and for a hi flyer that is a good sign, and pretty rare. Also that has become my 'favorite' trading stock and the first one I watch every morning. It used to be NITE/NTBK/GNET than if was DISH/GMST than CUST for a few weeks in late June and early july and now PHCM. Funny thing is that PHCM was 48 on the watch list on August 4 and if you just held and did nothing it closed today at 84 1/8.. but hindesight is 20/20 and in all that time I held overnight only once, and I discovered it weeks before I finally put it on the watch list. Today I expected about another 5 but just held on for the ride. The other two each had another story of why I entered.. ARBA jumped to the top of my scans last night but I was nervous about the volatility so I put it at the bottom of the list (even though the list is random, it was psychological) and BRCD was an earnings plays showing anticipation. These markets for working people are hazardous, for the net sector they are even more hazardous. But for the days when the market are down or up the most, is when the most money can be made, its the so-so days that I can leave and just put in stops. Since August started, there was not one so-so day. I took off last friday and missed a long run-up on PHCM. So I'd wait at least until September to hazard any position trades and as for the nets, there are only about 1/2 dozen I'd consider and even those I'd check often. There isn't one net stock that isn't up 5-9 one day and down 5-9 the next. For me I'd settle for that, now its intraday triple trends that are 'killers'. I think the nets are the big money makers but not for the long term but for the 1-3 day holds.. maybe more later on. I think accumulating them now because they are cheap is wrong. It reminds me of when they kept saying the oil service sector was bottoming.. Every week for months they kept calling a bottom until 6 months later they were right I'm not saying there is that much similarity but why would you assume the 'analysts' that couldn't predict the bottom of the oil service sector could predict the bottom of the net sector? Same analysts... Yesterday and today were good because for me there were only two trends during the day. On days like today and yesterday I expect more trades than usual but way more gains than usual also, but there are also more losing trades than usual. So you have to get out of the losers immediately (I don't even wait to get stopped out some of the time).. and hang on to the winners as long as possible. But I still think there are sectors like the semis and perhaps some of the retailers/software and others like MDT, SEPR that could be good for more than 1 day holds. Even an earnings play that beats soundly but has been in a downtrend before the report like today's TFSM could possibly be a good candidate for a short term hold. But in the net sector, I have to admit, EXDS, JNPR, ARBA, they are not for you unless you have a portable PDA, quick broker access telephone is okay but not fast enough execution.. When things settle down and you can keep to checking up a few times a day you might try something like AOL, but for now I'd stay with the 'safer' stocks.