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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 (82795)	2/14/2000 5:21:00 AM
From: Jenna	Respond to of 120523

An e-mail from an astute new subscriber and my answer. I thought it would help others benefit from these questions and the answers. Subject: A few questions and suggestions I joined marketgems a few weeks ago, and have a few comments for Jenna: > > - It's not quite clear to me if you suggest certain strategies for stocks on the watch lists. There is a Market Gems book coming out on strategies that work best for our style of stocks. We have two kinds of stocks, momentum plays and earnings plays and both of them have similar yet distinct trading strategies Are there any recommendations given on > whether they are being recommended as short or long term holds, or > relative risk ? The forum is just not all-encompassing to include everything for one subscription. We will be adding on a 'core portfolio' feature at a later time. We hold just as long as the trend is up and we put in a trailing stop and just naturally get stopped out, eventually the trailing stop can be as low as 20% below your entry price. That way you won't get stopped out on a strongly uptrending stock Also, is there follow up on when conditions change that might warrant selling them ? It becomes overwhelming to consider 10-12 new stocks per day in addition to my other research without some further input beyond the name of the equity and recent technicals. We often have 'repeaters' and have stated that the "earnings plays" are the most 'holdable' stocks we have. The Watch List plays have a lot of momentum and they usually sprint in 1-3 days and its the nature of the gain rather than our desire to be swing traders that just decides what to do. (For example, with a 20% plus gain I consider exiting a portion of the position. That also depends on whether it is an earnings plays (i.e. did it run up before today? or were the earnings so good that the stock is reversing a downtrend meaning the new uptrend can continue like it did with BOBJ, and LTXX. Another thing is that way too much information is available on the internet and everyone's stock picks makes it very difficult. We suggest you don't have any alternate stock picking sites unless you are a full time experienced trader. We cover just about everything in our Watch Lists and Earnings Plays. I watch just our own database of about 50 stocks at a time and never needed to step out of the Market Gems database in 3 years of trading them. Its not to say others are not just as good, its just that too many picks AT ONE TIME makes choices so difficult that after the crucial 1/2 hour in the morning, you find you are still analyzing everyone's picks and not even leaving time to actually trade anything in a timely manner.. (I am not a full time daytrader, but do my > research at night). Am I missing a part of the strategy or updates here > ? Will the new bulletin boards be addressing this ? > > -Are the new bulletin boards going to include a private chat area for > members, to allow concentrated discussion and discussion of ideas other > than the watch list picks ? Here again you are speaking of features that are too broad for our one Market Gems service as it stands now. Other stock selection sites have a number of different subscription choices as add-ons that would cover more. We will have a private bulletin board and the company with whom we are merging has suggested a "broader chat area with more traders monitoring it" so its on the agenda but the chat will be an added surchargeable feature whereas the bulletin board will be included in the general subscription. It is difficult to comprehend that someone who is NOT a fulltime trader would even want to deal with more than 1 or at most 2 stock picks sites, whether it be on Silicon Investor or a surcharged site A most valuable feature you could add, > especially if it included a message board as well as chat area > be more valuable than their picks alone, because it allows me to pick > stocks to research mentioned by people that fit my investing style and > sector knowledge) You don't want to be bogged down by a lot of different picks but what you described is more like what the Market Gems Thread on SI offers.. We want to actually separate from the 'hodge podge' of many MORE picks..and stick with our own particular style > > -I notice that you don't pick many small caps under $10/share. This is > where I've made most of my gains. Do you ever plan to add a section to > expand this ? I tend to go for lesser known equities with a chance for > 100% plus gains and potentially longer holds than for the 3-4 day or 1-2 > week pops, although I do those too. Is your site primarily oriented > towards the latter, with stocks that have larger institutional holdings > ? No not really, whatever moves is fair game. We had MOGN which was $12 at the time and RITT which was about 9 and CLBT was also 9 dollars. I certainly do not have any reason not to include under $10 stocks. I would think though that this would be better when we have our bulletin board or even the "core portfolio"... I can easily set up my scans to search for the under $10's. Its just that we all had such good gains with the $12 -25 stocks that there were really enough pickings at the time. Now that the market is looking lopsided with so many overbought and oversold, it could be time to study the under $10. > -Do you have an area on your site that tracks daily and weekly > performance of the watch list picks (say from the last 3-4 weeks, other > than the selected excerpts from track record link) ? What is the best > way to monitor performance without having to enter all the stocks > separately into a spreadsheet (again, too time consuming) ? This would > help me evaluate future picks based on trends I spot in similar past > picks over time. Formal monitoring performance once again is something we will undertake when we have more personnel on the trading team. So far all your suggestions are fine, but I am only one person and that will change within a matter of weeks. Then we will be offering a plethora of choices including a proprietary software called ESP that automates buy triggers according to pre-programmed trading strategies. The performance is only tracked for the stocks that trigger buy signals. John Aylor did a number of good analyses on the Earnings Plays. concentric.net > -On the earnings calendars, do you have a suggested link to whisper > numbers, expectations, etc ? You should have an all-purpose financial website bookmarked such as Dailystocks.com, Investorama, or Market Watch or even Smartmoney.com ... It would save having the calendar loading too slowly because of the links. We had links like you describe but we removed them to speed up the loading of the calendar updates I hope I cleared up some of your questions. jenna Market Gems

To: Jenna who wrote (82795)	2/14/2000 5:37:00 AM
From: Jenna	Read Replies (3) \| Respond to of 120523

A lot of questions and e-mails so I'll just send out some links that will help. There is no way to get to all of them individually. Table of Contents for the Market Gems Book: marketgems.com ***** Overview of the Market Gems Strategy and General outline of what we offer (this will be expanded): marketgems.com *** The Last two newsletters before we changed over to the "calendar format" that will be in the book: marketgems.com marketgems.com ***** some more newsletters for the archives: 209.238.58.242 209.238.58.242 209.238.58.242 209.238.58.242 209.238.58.242 209.238.58.242