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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: anyer who wrote (93462)4/14/2000 6:36:00 PM
From: Jenna  Read Replies (2) | Respond to of 120523
 
Tradingmarkets.com, great now put up a thread of your own to promote it ;-) instead of riding 'piggyback' on the popularity of our #1 thread. We are not a short service yet, but we did call dozens of shorts for free to help everyone not just subscribers, beyond the watch lists.

There is no easy way to call anything in these markets 24 hours in advance when they barely hold on to trends even 1 hour. That is why we are going to have real time trading forum. And gloating weeks after the fact is not very helpful either. There was a very nice rally lasting four days and I'm not sure where you were since you never showed up to 'gloat' then. I must assume you were holding short positions or covering etc. A lot of us 'called' this correction and advocated taking profits. We are too professional and mature to pat our backs though. If you were clever enough to know to short, you should have known what to short.

Sure we tried to go long today, we picked the top stocks and not junk, but when we were wrong we were 'man' enough to close the positions. We didn't advocate blindly 'buying the dips' or 'holding through this storm'. I was short 14 plays and long about 5 during the 4 day rally, so I'm not sure what your gripe is, although there is a saying.. When you know you do, if you don't know you criticize. You can cancel and promote any other website you want, doing it on this thread makes me smile and wonder how much you are getting paid and why they are not taking the time to create their own 'thread'.. Using our popularity is ironic. We welcome legitimate 'competition'.. Pristine/Market Gems thrives on having traders discover the 'liberty' of being masters of their own destinies. If Market Gems doesn't fit your requirements, by all means try something else.



To: anyer who wrote (93462)4/14/2000 6:53:00 PM
From: Jerry Olson  Respond to of 120523
 
Gee i guess a bottom has been put in...

take care...



To: anyer who wrote (93462)4/14/2000 8:03:00 PM
From: Scrumpy  Read Replies (4) | Respond to of 120523
 
I disagree. But Monday will be a walk on thin ice (thus I'm not long). I will go long, and hard (ooh!), sometime next week. Of course, during earnings season, my "longs" may even last a few days. One disadvantage for career shorts, especially in a plummeting market such as this, is that their probability of higher gains rapidly diminishes the more the market drops. What this also means is that if and when the market "bases" or travels sideways, shorts suffer along with the bulls. So, you think every company will go bankrupt Monday? Think, anyer, think. You've made money - and mazel tov to you. I admire your patience for having the ability to sit on your hands for eight years waiting for this moment, while the rest of us hop in and out making money. Zorro's sword? A simple stop limit will do.

I also doubt NASDAQ will ever "base" in the traditional sense, and I doubt you can predict when that base will start or end. I believe the Wall Street elephants have less control of the markets and the performance of the NASDAQ demonstrates this.

Many will pony up house and hide to load up on even more of the "value" plays very, very soon. There is value out there, anyer, more-so today than yesterday and the day before. Perhaps there will be even more shining "values" Monday evening. Such "value" discussions will become more relevant to those who paid a ridiculous premium for their pet inut stock and lost money. For us, it serves as more of a "rationalization" for a "better" trade, but I think most on this thread follow the trend.

Lastly, if you've kept your ear to the IBD ground, you should notice that many companies are reporting stellar earnings. The ones that aren't are having their lunches eaten by more aggressive competitors e.g. AMD vs. INTC... JNPR, JDSU vs. CSCO. NOK vs. MOT. It would be worse, of course, if every company was warning or lamenting about earnings but many aren't. Folks like you get all gung-ho about a short that succeeded, but I see it as another requisite technique to round out the trading skill-set.

The economy is still rockin' anyer. Daytraders and position traders such as Jenna, you, and I will continue to make money. End of story. I have plenty of cash on the sidelines buddy, and so do others. Lotsa cash.

Until then:

Taxes ...
Greenspan speaks...
People will mull over their losses...
Margin calls will force selling and/or immediate account infusions...
Options expiration ...

The political rant (skip if necessary)...

Gore ceding the election to the clown with a contrived, beatific, "sure-glad-to-be-a-Texan" grin? "My position is that I HAVE no position... and, ya gotta understand, that IS a position". Imagine when this guy is called upon to make a decision. The GOP blew it by shunning McCain (really liked the chap), which will now strengthen Gore's run. Don't get me wrong... Gore has his problems, but innate ignorance and inexperience are aren't among them (charm lacks, but is on the mend). The last thing voters want is a defense-heavy, lobby-prone schnook launching a new economic experiment (to the tune of an ill-conceived $450 billion tax cut... WHA?), tinkering with the economy, and getting "tough" with China (at the expense of my TSM). No one politician (note "politician") will or has created this bull market, nor will any one man restore it, once it turns bearish.

...and if Bush wins I will send you one share of the new, improved, and presumably friendlier MSFT. :-)

Scrumpy



To: anyer who wrote (93462)4/15/2000 4:40:00 AM
From: lee kramer  Read Replies (3) | Respond to of 120523
 
Anyer: Actually, for Gore and the Democrats to keep the White House in November...I suspect much will be done to keep the economy "steady" and growing...and to calm down the market slide. I suspect too that Bill Clinton may call Mr. Greenspan this weekend. I can imagine the conversation:

BILL: Hi Alan, just wanted to congratulate you on not getting hit by a bus as you sprinted across the highway this week. You DID look both ways. Good boy.
ALAN: Thanks Bill, I did look both ways. I wasn't worried too much about buses, but the semi's did seem to be boring down hard.
BILL: Oh, by the way Alan, we've got an election coming up this November. Happens every four years. See what you can do to help us out if you can.
ALAN: You can count on me Bill. After all, you did recommend that I stay on another four years as Fed Chairman a lot earlier than you had to. One good turn certainly deserves another.
(Lee)