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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: Jeff Jordan who wrote (56847)	8/21/1999 9:00:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Qcharts and ProSearch Realtime and Homework.. I agree totally with Jeff on picking up market opportunities. But then you have to know technical analysis to utilize the potential of these opportunies.. etc. I didn't pick up on IMAII because I don't scan the general market, I just scan my own picks from about 2-4 weeks for technical breakouts, unusual volume, chart patterns, etc.. HOTJ was my pick so I 'picked up on it' but it was also through Fundamental Analysis..and I found it end of day and not intraday on a general scan. ProSearch has the power of 'finding an IMAA' also within seconds, but its not my trading style to scan the entire market, Using chat rooms on SI to find these opportunities is like going in the YHOO chat rooms for opportunities. Of course there are some excellent threads that are very knowledgable about CSCO, INTC and DELL etc, but not the 'day trade, hyped and about to explode or about to bomb threads.. The time you spend in the chat rooms reading through posts of junk, hype you can do your own research and usually see proven results quicker without waiting around through unknown ups/downs, more hype, more explanation, etc. The basic difference, I can't speak for Jeff, of course but for me I need some fundamental information on the company to make the plunge. I think the fundamental knowledge of a company gives a trader a decided 'edge' in his decision of how low to put his stop, historical volatility of a stock around earnings time, and generally if there is an undecided signal which can go both ways, especially for the swing trade, which is what I like the best as well. The fundamental condition of the stock will help me with the final decision. As for finding instant gratification in daytrades like IMAA, I am definitely not adverse to jumping in, but I haven't found that many IMAA's because I don't spend time looking, having a group of my own usually gives me ample 'daytrades'. DITC for example found in onJune 13, followed through July 8 through an upgrade, put in on the earnings calendar, and followed in further through August 13 when I made my final buy decision. The find was based on a FUNDAMENTAL as well as TECHNICAL search (same as RIMM, AUDC,ITN etc).. NTOP was just a momentum search, but that was on the watch list and I don't weigh fundamental strength on all, but I like at least 2 volatile, hi-flyers for variety. BRCD was discovered as an earnings play again through a FUNDAMENTAL (i.e. in case of BRCD obviously the criteria were changed to allow for 'no earnings' but fundamental nonetheless) and TECHNICAL search. PHCM was before it was posted almost anywhere (that I could see) solely through a combination of reading, projected earnings, and intraday range which was 10 points almost daily and the volume was 17,000. Now everyone knows and follows PHCM.. Nor did I need to read SI to find when to go positive on CUST, when to go short or when to short BCRX or even if it needed shorting, which I determined myself through a chart of techical analysis and a scan for 'most shortable' stocks. I didn't need anyone to find NVDA but saw the first 'positive' after negative quarter estimate to see that go up one day after the good earnings report. So I do agree that trader like myself, Jeff, I won't speak for any other because the subject of this post is in agreement with Jeff on the 'need for SI hype' to find good trades... So if you do a little more homework, you can live with one or two threads, just for the interaction, perhaps some validation, but not for picks and tips. I have no doubt that after I sold RIMM at almost 240% gain in just a few months or the 100% hold on AUDC until it dropped an the rebuy again the first week in august for an additional 30%, it will be shorted, but by then I'll be ready to short along with the rest, and also because of technical indicators, and perhaps a 'trusted' trader gives the short signal, but not someone who 'cries short' and the stock rallies another 30-100%. You won't find good stocks through thread in SI but through a little of your own research.. good software package, and at least a basic knowledge of technical analysis and some knowledge of fundamental analysis to 'confirm' your decision.