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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 (115392)	10/18/2000 11:46:34 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

Expect uptrends to reverse enough for a 'sell trigger' or sell incrementally: when a) the stock hits a ceiling of resistance at its 200 period moving average, breaks out and turns back down through it b) add the elements of a doldrum period and you have new shorting opportunities.. especially in stocks that are just along for the ride and have nothing to justify any rise (i.e. stocks in strong downtrends, that are going to reverse in this rally) That is why those that buy at HOD's are getting stopped out at this crucial area. c) suspicious looking spike highs that leave long tail on top. This is first sign of selling even though there has not been a bearish bar reversal yet. This is more than likely a bullish reversal flag but it could cost about 3 or 4 points or more.

To: Jenna who wrote (115392)	10/18/2000 1:53:38 PM
From: Dave Gore	Respond to of 120523

Jenna, sold my MACR puts this morning for a double but not sure whether to risk a put now. I noticed there has been some call buying today but little put volume. I am also considering a put on VTSS but the stock has come down in the last few hours already. MSFT calls doing well, but BMY looks bad unless earnings today turn it upward again. ASYT and LRCX calls doing OK but don't expire until Nov. and Dec. so have some time. Looking for a good earnings report from ASYT. I am curious. Have you noticed a relationship between the volume of puts and calls (especially on the day of earnings) and whether the common usually follows suit after earnings? In other words, since most people are buying CALLS today on MACR and earnings are coming out after the bell, is this a reliable indicator at all that earnings will exceed expectations and the stock (and thus the calls) will go up tomorrow? I have not studied the relationship enough to make an assessment. I wish I would have looked at the put/call volume of IBM yesterday. Incidentally I see that the put/ call volume on MSFT is virtually equal today.