Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (96867)	5/9/2000 7:55:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 120523

Jenna the markets strickly no longer interested in earnings or news...they can talk till their blue in the face..meaningless drivil at this point... this is a market in deep trouble...i sense it has not even begun yet...relentless selling today across the board..all the big cap techs were underwater...the bio's, drugs, nets, semis etc etc etc..negative senario.. if AG raises by .50???? it will devastating imo...as rates move up this market is toast...burnt toast.. this will be a market for us traders, and those that become traders...the learning curve has to be fast hard and steep to be able to handle this.. in fact it can be traded...it's not that hard, if you know what to do, and when to do it... there are a lot of good solid traders here, and those that are learning as well...we will and can help everyone.... but people should not take risk..at least unless they are willing to work at it...traders are making money everyday even in this crazy market.. we must hang tough...think crystal clear on our daily goals..and trade smart...take profits quickly.. everyone has to learn to play the short side..it's a must..or at least stand aside... if they do not know what to do, they should not risk one cent here...not here, not now...wait for the good set up...there are excellent set ups everyday..we see them and trade them... you continue to amaze me with your timley calls, long and short..terrific...the best...not everything will work in this market.. but at least we can trade what we know... so everyone take a deep breath, and relax here...our goals are to make money, be ultra cautious, quick on the trigger, and protect profits.. let's just do it...OJ

To: Jenna who wrote (96867)	5/9/2000 8:00:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Step up and gear up for your 1-2 year holds.. Why should you pay top dollar for stocks that will be up even in 1 to 2 years? that is a mistaken conception that because you intend to hold for up to 2 years you can take a 100% correction. Its also a rationalization that traders won't make the same money. Traders who are clever enough to work these markets to their advantage are most assuredly astute enough to HOLD the stocks when the time is ripe. We just cut out the 'overhead' namely the 100% haircut. Most of us will hold long term AFTER the correction and meanwhile make all kinds of money trading these stocks short and long. That the stocks will eventually 'catch up with losses' is no reason to hold through 75 to 100% haircuts. Wait for TXN, JDSU, QCOM, CSCO, CMTN, EXDS, BRCM, IBM.. Get them at KMART prices instead of SAKS Fifth Avenue prices. Had you exited these stocks when they began to crash and just the traded the 'rallies' for 1-5 days you would have made quite a nice piece of change. You take a little more risks these days so you can take home 75% profits from your trades. If long plays go sour, just let them go. At the end of the day just weigh your total profit against your total losses and its easily 3-1 in your favor if you trade both sides of the market. Don't be stubborn. I could have stayed in QLGC but figured it might just gap down in the morning and I'd have to contend with more than 2 points drop. Why can't I just get in AFTER a morning gap down or wait for a proper reversal.