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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: Walk Softly who wrote (58415)	8/30/1999 1:50:00 AM
From: Jenna	Respond to of 120523

totally in agreement.. In a previous post I stressed the importance of stock and sector upgrade, mentioning to run not walk to that sector. You can't trade on a stock unless the group has been looked upon with favor. That is why I stress, over and over again to follow the watch list, whether they are your own or Market Gems, for a number of sessions. If the biotech sector is down you won't find a good trade with IMNX. If the semis are down forget KLAC, but if the nets are up then you shuffle over to the watch list that is 'net full' and pick the ones that were technically in a pivotal position to begin with. That is why I follow a lot of the 'leaders' in many sectors because I don't expect a stock to move just because its near a breakout, especially if some 'analyst' decides in the morning to downgrade say CMGI, I will ignore AOL if happens to be on the watch list that day. Although I try not to daytrade, I find that lately the most I can hold a stock is a few days.. and only those because they were in a strong upward movement and were not usually net-related (i.e. OCLI, EMLX, RIMM, PAX) I'd rather get into PHCM every day in the morning for 7 sessions than hold that one overnight. Even daytrading it I've taken one deep dive last week. The only ones I hold are probably the least popular among traders and usually priced at under $25.