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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: Scrumpy who wrote (92831)	4/12/2000 12:29:00 AM
From: Jenna	Respond to of 120523

Scrumpy.. I agree that earnings should be shorted but that is AFTER or near market close of the pending report. I said so in a recent post. Its no big deal making the switch to 'new economy' if we need to and we have had more than a smattering of NYSE stocks, but they don't move as dramatically and I'd still use them temporarily as substitutes.. I've already left the internets and am short a couple of net stocks, but for fundamentally strong stocks, I still prefer the short term shorty short and buying on reversal of downtrend, holding until trailing stop triggers (hopefully that means you already have a nifty profit). The overall Trend of COMPX is pretty bad. You have advance decline line oversold and getting more so. 10 day trin is below zero and trending down, nasdaq McClellan oscillator is sloping down and down, MACD, Stochastics all are showing oversold, (that has no meaning as it can be way more oversold before it reverses) the parabolic sar is not showing shorts should cover positions.. But these are general market indicators and I prefer them in relation to particular stocks not alone. Its almost like stereotyping the entire market and how can you when on one hand you have overblown blimps like YHOO and on the other you have some good companies with great earnings like FLSH, ADTN, TLGD, ELNT that are NOT overblown. So what do we do? We use the weakness in the nasdaq to time the plays of the 'good' companies which will also sell off due to the drag of momentum, but at the very first sign of a rally, we rush to these companies. Even intraday these stocks will soar because of the pull of their fundmentals and historical price patterns (i.e. soaring prices and excellent earnings) The 'traders' and 'individual investors' who KNOW these companies are the future will move these companies up. All the while we 'short' the overblown nasdaq companies. At the same time we get a smattering of 'old economy' or whatever you want to call them.