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: briskit who wrote (103217)	6/20/2000 4:48:00 PM
From: greenehugh	Respond to of 120523

Holding GE short. Unable to break 50MA last 12 days. 157K block just after close on downtick. Heard Jerry Favors on radio yesterday saying the INDU would have to print ~11003 to turn the weekly gann chart up.

To: briskit who wrote (103217)	6/20/2000 4:55:00 PM
From: Wayners	Read Replies (3) \| Respond to of 120523

GE in a tight range, high risk short or long because its not trending in either direction. I measure this characteristic. Highly predictable trades where something has a history of trending in a given direction for several days generally gets a number under .30 and .30 is about as high as I will go. Very few stocks get a reading above .45. GE is a .45. I wouldn't trade GE in general because of the low reward to risk. It moves in daily ranges of only 3% and to make 3% you have to assume the risk of holding a completely unpredictable stock. I wouldn't do the trade. You have to actually buy down days to have a better chance of making money on this one, but I don't buy down days to make 3% either.