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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (19)	10/21/2000 11:41:19 PM
From: Jenna	Read Replies (2) \| Respond to of 6445

Amazing parallels, intriguing story. Theresa I was soundly beaten myself in options which I traded solely and in bulks of 20 - 25 positions every earnings quarter (4 times a year 1-2 week holds) and was succeeding in a limited world of a bullish market in an age when the oil service sector was soaring up until the Asian Crisis... lost a bunch. Left options pretty much (or it left me) and decided the way back was diversity.. small option positions and trading only the 'creme de la creme' of each earnings season (I didn't short then). At that time it was okay to hold through earnings, but each earnings season brought with it some new permutations (not holding through earnings, maybe doing some puts for the after earnings sell off especially when an uptick was hard to get, learning to short intraday when puts were just were not having enough volume to execute a viable intraday trade quickly enough) Funny though in the end, I am no longer an investor.. my last investments ended with FLEX hitting a 52 week high, selling my half dozen positions before the july drop. Following were 2-5 week forays into the energy and then biotech/pharmaceutical sector, just bouncing into whatever sector is getting the money flow. I don't trust this market enough to hold more than a few positions overnight and mostly options with volume that supports a fairly quick escape should the trend reverse. I don't trade futures but I did do the indexes for a while and still think that in very volatile markets, option positions or 'long term daytrades' (holding as long as you can intraday if the stock has some good momentum, is news driven or re-entering after a break above consolidation)..is the way to go. It seems that investors like to say traders can't time the market and the stocks eventually come back so they are the true profit makers. For some reason I can't yet fathom, investors think that traders are can't get on the tech bandwagon themselves when the stocks begin moving up and enjoy the best part of both up and downtrends. We might not catch the exact tops and bottoms, but we sure don't sink to the bottom anchored to stocks with "great expectations" somewhere in the distant future.