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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: Kavika who wrote (95961)	5/3/2000 4:58:00 PM
From: lee kramer	Respond to of 120523

kavika: Great post. And you are quite right; many stocks like PSIX and CREE. No, I have no fear of Mr. Greenspan...no matter what he looks like...just wish he'd bump the rates up 50 basis points sooner than later. (Lee)

To: Kavika who wrote (95961)	5/3/2000 5:03:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Nice post Kavika. I usually balance shorts and long earnings plays on a day like today. If my success rate is 75% that's good. Today it was even better than 75%. That's because I waited today for everything, did not jump in on anything. Tomorrow might be different. It doesn't really matter to me if the markets are up or down, I could make more on a down day or up day, depending on the stocks themselves. I've been down as much as 7k in the morning on a great day (Monday) yet finished the day up 16k.. so I never know from 1 hour to the next. What I do know is that if I let little slogans like "let your winners run" rule me, I will be running for the foul zone too much. I am selling high lately and shorting high. It seems to be working. I sell into strong rallies my long positions and short the rallies on other equities, except for the occasional "ZOMX or GSLI".. stocks I especially believe in. I prefer the highest flyers that are up in 3 day spikes, then down in 1-2 day slumps only to bounce back for daytrades of 5 points or more.. There is no rhyme or reason to stocks like AETH, GSPN, NEWP and TERN. I don't trust them as far as you can throw them. They are among the group of "momentum" trades you need for these volatile times. On the other side of the 'continuum" are the "fundamentally strong plays" like ADRX, AHAA, TLGD, MVSN.. These are the ones that gap up on earnings lately and/or have most staying power in very down markets (never the momentum plays). These will bounce certainly and its these I would be holders. I would have held AHAA but the day AFTER the earnings report is artificial and its also a profit taking day. I'd consider longer positions when volatility returns to normal and traders 'forget' these stocks like they forgot BBOX.. BBOX might have corrected these last few days but not before breaking great resistance and reaching a new 52 week high on May first.