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To: Jan Crawley who wrote (90519)1/10/2000 11:42:00 AM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
Hi Jan. Late last year I got out of most of the "darling" stocks and put the money into under performing sectors including small-mid caps. Many of these looked like dogs - near their lows for the year. First I looked for sectors where the technical analysis showed they were bottoming. Because there was a huge divergence between the darling sectors and the have nots, there was a lot of tax-loss selling to compensate for the gains in the darlings. This caused the greatest market divergence in history to grow temporarily wider. Stocks I initially looked for had favorable chart patterns and then I screened for sales and earnings growth. These went up nicely at the first of the year and are looking good now that some attention is being paid to them: HIBB, FLYR, APOS, LVCI.

I am doing real-time scanning for gaps, volume surges, options volatility and chart patterns and then trading in and out and moving on to the next candidate. Some other things that have worked recently is playing on news, such as LU. If you are quick, you can get on the side of the market specialist and pick up an almost certain 6%-10%. I bought LU last week "on the print" at the open at 51 and turned it for a profit a few minutes latter for 54. That was possible because the trade imbalance allowed the specialist to set the open lower than the market. They do that because they are the "buyers of last resort" and must buy the market orders at some price.

My advice might not help you much because so much depends on when you buy and sell.