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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 (74254)	12/4/1999 1:32:00 AM
From: Jenna	Read Replies (4) \| Respond to of 120523

<<Suggestions>> I would formulate a 'trading system' of sorts that would have all gemmers come into a chat room or even an e-mailed update and have the prerogative to 'filter out' some of the very many (although they are excellent of course) calls during a trading session. The system would constitute a routine and expectations much like in a classroom session when the last few lessons were reviewed, discussed, opinions given on previous days stocks, news releases,etc.. before taking on an entirely new 'chapter' every day. Some suggestions and new features.. a) Taking about 3 or 4 watch list stocks that DID NOT move up during the session and/or moved down and put them in a portfolio with either a new trigger or at least have a peek at the chart for the following 24-48 hours. Using the chat room, or intraday updates to only follow these without an influx from too many other stocks (unless of course there is something 'hot' at the moment).. We can always toggle back to SI for more general talk and even more stock tips. b) Making the watch lists more detailed, but user friendly so they can stand alone even without anything more than intraday updates or just your own tracking outside the realms of SI.. Giving a price and entry target and/or resistance support level or chart pattern I might have seen etc. The pick would be based on daily chart analysis but the strategy could working just as well on 10-minute 15-minute and, for those more advanced traders, 5-minute charts. c) Have a set list of strategies (i.e. moving average crossover 7,20 or 10/20) with trendline breakout, ADX directional movement signals, bollinger band breakouts, volatility breakouts after periods of consolidation etc, the all important continuation pattern: bullish flag which should be a setback for 2 or 3 days before the stock resumes its strong long-term uptrendm Channel trading etc.).. There are not that many strategies you need. Simple is always the best and its the stock that is the 'star' not so much the complicated indicator patterns. d) Getting everyone used to the calendar format which will be updated more frequently instead of just 'buy triggers'.. You should be aware of a stock that moves from downtrend to a consolidation trend as well. There will have to be a 'user friendly' way to get everyone accustomed to end of day or 3 times a day updates on status of stocks that are considered 'hot' or 'getting warmer'.. e) A follow up of earnings plays even more stringently than ever. Just pretend they are IPO's like FREE, SIFY, LBRT or some such mover and don't relegate them to low status because they dont fly 10 points in one session. Ironically its these earnings plays like OCLI, VSH, ADIC, PUMA, CPRT, SCOC, MSTR, MUSE, ALLR, IBIS and a host of others that held their uptrend the longest with the closest to a real 'buy-and-hold' strategy without the volatility and risk of holding some of the IPO's for weeks. f) Expect signs of topping in the next sessions.. too high a spiking stock, unbelievable runs, volume changes deducing distribution as opposed to accumulation of certain stocks. That's also why we need to fortify ourselves with some 'strong stocks' that still have normal price patterns and are actually in a short term correction or even 15% corrections etc.

To: Jenna who wrote (74254)	12/4/1999 1:12:00 PM
From: bobby is sleepless in seattle	Read Replies (1) \| Respond to of 120523

<Wouldn't it have been nice for all Gemmers to have held NSOL in a core portfolio together? and/or gotten into LBRT, MCSC and not left them solely because I was a day or two early with them... So basically my goals for Gemmers are to follow through our stocks more closely with more resources, staff help etc. I also love this thread but I'm not unaware that the sheer amount of plays called during the day are great for some traders but for others they might actually have a dilutive effect (for example, what do we choose when someone says "this looks good" or triggered a strong buy.. > You've said a bunch!...Jenna, this is where my continued challenge lies, to identify time frames for the trade....Why do I choose to hold NSOl and not INSP. What about the overall market conditions, sector rotation, is the market in a trend or range and how to trade it accordingly? OJ on the p&f? support/resistance? playing reversals? trading from technicals, the lemming approach? what side of the bed did i wake up on today?... Yes, it would be nice to hold a "longer" term winner as a group, to share the jubilation. And some threads on SI do exactly that. And because most of us are lemmings to some degree, if you were to share with us what picks are for the longer term on the call, I would not be surprised to see a core group involved with that pick on a longer term basis, as a position trade. Correct me if I'm wrong, the emphasis of MG is taking 10-15% profit and call it a good trade...as the trades are from a swing position, to take advantage of the ebb and flow of a particular stock, whether watchlist or earnings play. from my perpective, that is what i keep in mind should I engage in a trade from MG, to make the quick profit and get out. And if I choose to hold a position for my reasons (nsol), I do so since it fits into my trading philosophy as scrambled as it remains...! yes, we do have out fixation, myself with vert, Susan on GNET(?), at one time many of us were in conert with vrio...as i suspect most of us have our favorites. learning as I go, as I now have a better understanding of MG, its philosophy, stocks on the watchlist have met the buy criteria aren't necessarily going to race to the moon, or do so on the day announced, or not at all. However, the percentanges suggest they are ready for movement, and market conditions willing, can provide for a solid trade.