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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 (90529)	3/28/2000 10:22:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

FLEX, one of my favorite stocks will be a sell tomorrow after nearly three months as I think its nearing a short term correction. My suggestion is usually to sell a stock that is an intermediate hold the day it hits its 52 week high. It usually corrects after a new high and you don't need even 10% of a correction. I would even short a new 52 week high on stocks you are familiar with (i.e. ELNT I shorted and got 9 points). It happened with TLGD, sold and it happened with PHTN, not sold, TTIL sold but waited a little to long there. The best time to reenter is on a reversal signal 7-10 days AFTER a new high or even up to 20 days. Usually the best 'trackers' of reentry will be the range expansion and contractions indicator, bull flags/pennants, doji's etc. and of course the ADX explosions and the inimitable 20 day moving average breakouts (fits right in with 20 days after the 52 week high) Every reversal should be accompanied by high volume or you'll get a one day pattern that leads nowhere. The reverse also true. (not a 52 week low, G-d Forbid) but I would buy on dips the very few stocks like SEBL, BOBJ that have dropped below support temporarily (the bottom of a linear regression, standard deviation or Least Squares (LSQ) channel. Whatever you use its still about the same tight channel. The tighter the channel, the better the trade and the more predictable. They have historical price patterns that are pretty predictable and barring what happened with MSTR and proper precautions like stops, trailing stops etc. it usually works (only about 10% of trades however should be taken on that are that risky)

To: Jenna who wrote (90529)	3/29/2000 10:09:00 AM
From: nokomis	Read Replies (1) \| Respond to of 120523

<getting more conversative> yes, and also getting to know stocks trading patterns better, from watching only about 20 on a regular basis ..somewhat "easier" understand the underlying movement (up or down) of a particular stock... for instance, I think SVNX is one I want to own, but I wouldn't it yet..every trade I've made with this stock has been successful, because I'm getting to "know" it... and there are others I know are currently under accumulation (like SCRI and ARIA), in spite of the volatility (I can see through it)... ..and your WL pick for voice recognition (VOXW) is one I will hold because having done DD on it, I also believe the insitutions want it for the LT.. ..so am confortable holding all these and not worrying about intradays during this "window dressing" period... so, that's why I'm going to lunch today! ..and trading very little...