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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 (74902)	12/10/1999 10:22:00 AM
From: bobby is sleepless in seattle	Read Replies (1) \| Respond to of 120523

ep #1 12/15 I'm in, but with stop in place. took 1/3 position. low 62's might be the bottom, don't see 60 unless market FINALLY succumbs to massive profit taking. and with linux plays complete, at least for me, time to focus on ep's...

To: Jenna who wrote (74902)	12/10/1999 10:29:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

You can't time the market so you can't make money steadily by buying the fast running IPO's and holding them. The winners you hear about the losers you don't. You have to trade these 1-2 day wonders when you get certain chart pattern indications of reversals. You can usually ferret out these two days explosions and hold them until the momentum wanes.. But you can't live on them. The way to really 'live' on this is to diversify with a longer term trading portfolio (and of course the intermediate but that is not a trading portfolio).. Smaller stocks and/or fundamentally sound stock like PLUG,BITS, ORCC, NICE, TTIL, SCII,AUDC (that too changed), GAIA, and a slew of Israeli offerings and one or two British and Canadian stocks. You hold until their trend changes which takes about 2 weeks or so. The fast movers you just hang back until the stock goes absolutely crazy and flies above its trading range (i.e. WEBT, BOBJ, ASKJ, SIFY, AGIL) when everyone thinks they are going to the moon, I usually would put in a sell short with a little wider stop (like 4%) and wait for the inevitable. It doesn't always work but when you get stopped out your loss is controlled, when you gain its usually from 10% on up. I would have shorted WEBT yesterday but all I could do was sell as I wasn't at home.. This morning WEBT was the first stock I aimed at. The opposite is also true, just when things are looking very dismal and the stock is making lower lows than the previous day wait for an inevitable reversal (could be the last hour of trading) and buy when the percent of the trading range improves from the day's low, but not too much. When prices open really high, you can bet they will settle back a lot and a shorting opportunity exists.. So its best to wait for an overly high or overly low market to go against the early trend: Its up way to high, go short (if it was up 2 or 3 days like this)... If its down way too low wait for an opportunity to go long. There are usually some signs of a pending reversal and its best to follow the same stocks until you familiarize yourself with new ones. You must change because the stocks themselves become erratic and unpredictable after a few months (i.e. ALLR, WEBT, AGIL, PHCM).. So I'd buy the small promising ones, the ones that have 'deals' going and hold as long as the trend is up.. PLUG was a good example of one I just held on to and waited for the trend to reverse, but it didn't so I held it longer.