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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: Jenna who wrote (111738)8/12/2000 7:07:07 AM
From: lee kramer  Respond to of 120523
 
Doc Kronkite's eyebrow shot up faster than a caterpillar at the top of his morning push-up. "A chat room you say? What means a chat room."

I stretched out on the doc's lumpy couch. "A chat room is where a bunch of traders get together to share ideas, ask questions and make money."

"And where is this chat room?"

"Well doc, Jenna and Andy are down in Boca and Jerry is up in Philly."

"Jerry, you mean OJ? What's he doing in Philly?"

"He lives there doc. He has family there. And he's not too far from the Jersey shore."

"But where is the chat room" he asked.

"Cybersapace" I said.

"Is that anywhere near Secaucus? I matriculated in Secaucus you know. I can recommend a good hotel while you're in the chat room. They know me there."

"No doc, it's all done by computer. We all meet by synchronizing our computers."

"Mmmm."

"See doc, it's a new thing, the chat room. Only been open a week. They're still trying to get the bugs out."

"Bugs they have? It's good you came to me, I'm a specialist you know. Take a two gallon pail. Fill halfway with boiling water. Add three cups Epsom Salts, four cups vinegar, three can Hershey Syrup. Stir vigorously. Bring to a boil. Splash like mad on the floors and walls. The bugs will flee."

"No doc, not those kind of bugs. See, these are computer glitches. But they're working hard on it doc."

"Mmmm. But I thought you went to the Market Gems room everyday."

"I do doc. But this new PristineMarketGems trading room is really keen."

"Keen?"

"Sure doc. Now I can talk to Jerry and Jenna and Andy and Kikidoll and Bob and Adelle and FT-10 through 14. And they can talk to me."

"So, you're in the old Market Gems rooms, you're in the new Pristine Trading Room. When do you trade?"

"Anyime I want doc. Except Thursday."

"Why not Thursday?" he asked.

"See doc, my computer passed away Thursday. That's why I'm here so early doc. I thought you could help me process my grief."

"It's good you came to me boobeleh" he said reaching for a blueberry muffin. I ducked. "I did a whole chapter on computer angst in my best seller 'THE TRUSS: FRIEND OR FOE', chapters 37 through 39. You read it of course."

"Of course. I did what you said. I swore at the computer for five minutes using the nastiest words I knew, threw it out the window and went and bought a new computer."

"And you feel better now?"

"Much better doc. I hooked up the new computer, entered the chat room and Jenna sent me a 15-minute chart of EXDS. Doc, it was beautiful! I clicked into my trading account and entered a buy-stop order for 400shares at 53 1/8, just above the day's high. The order kicked in and I sold half my position at 56 3/4 a couple of hours later. Paid for my computer doc."

"But don't you have a trading partner? Doodlegrunter?"

"That's Dortmunder doc."

"That's what I said, Doodlepunter. You don't get along? You need this new Trading Room? Talk on me boobeleh, I'm a specialist you know."

"I know doc. Sure, I talk to Dortmunder about my trades. And Suzy too. But I gotta tell you doc, Jerry and Jenna and Andy and the other gemmers are giving me some great trading ideas. Gotta do it doc."

"Is this Trading Room expensive?" he asked.

"Well doc, you get what you pay for. One good trade and you've paid the monthly fee. Pretty swell, huh doc?"

"Swell?"

"Sure doc. Gotta have it. Say, you still trading?"

"Sure. I swear by Mendelbaum the Fund Manager. A patient of mine."

"How's he been doing for you doc?" I asked.

"He was here for a session yesterday. Kept mumbling about Jenna and Jerry and Boca. I thought he was just stressed out. You think he was talking about your Jenna and Jerry?"

"Mmmm" I said. "Could be doc. Could be."

Lee Kramer



To: Jenna who wrote (111738)8/12/2000 7:22:09 AM
From: ChrisJP  Respond to of 120523
 
Jenna,

Thanks for putting into words so eloquently what I'm sure most of us have been thinking for the past 4 - 6 weeks. IMO, it is a candidate for one of the "cool posts" SI puts on their home page.

I track a list of tech stocks, such as KANA, NEON, EXDS, BVSN that participated in the Oct '99 - March 2000 rally as well as the June rebound.

Many of these stocks are trading around their late May price levels -- when the NASDAQ hit 3050. As you observed, most stocks rarely seem to move up more than 2 days in a row. Since it is August (with an important FOMC meeting approaching), a disproportionate percentage of the volume must be coming from short term traders moving from stock to stock. Long term buyers are on holiday or are just waiting.

I expect this will change in 2 - 3 weeks.

I would be interested in knowing if you are seeing any stocks that you think are being aggressively accumulated that might be great to take a position in if the bull market trend resumes.

Regards,
Chris



To: Jenna who wrote (111738)8/12/2000 11:20:15 AM
From: Jerry Olson  Read Replies (1) | Respond to of 120523
 
ATTENTION

I'LL BE IN THE TRADING ROOM FOR 1-2 HOURS TO HELP ANYONE...

SEE YOU THERE...OJ



To: Jenna who wrote (111738)8/12/2000 12:20:18 PM
From: jazzallnight  Read Replies (1) | Respond to of 120523
 
Jenna maybe u get help me with something. I also discovered ASTK, around same time u did through my use of Metastock, however I did not purchase the stock. My main reason was I did not understand "why" the stock was making a move. I read a description of the company, something about robot or automation and just did not think it was worthwhile. My question do u is when u find a great looking chart like ADTK at that time or AGE do u have an need to know "why" it is running or is the chart enough for u?