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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: sam who wrote (115874)10/31/2000 5:00:21 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
I didn't short the stocks that closed at the high.. you had to have your head examined, so I don't understand your post.. A pos is a pos a and I don't usually go long a POS for than that one day rally. This is only a thread on SI, a bulletin board, not a trading forum, or a seminar classroom or even somewhere we can speak of strategies in a proper and educational give and take manner. We can try but others will always step in as is their right and change the subject.

There is no key in wall street, nor is there one stock that you follow just for the sake of its movement. I like to look for catalysts.. like VZ yesterday and ALA today. Both calls made before the open on consecutive days were headlining the news for much off the following session. Or a juicy upgrade like ALXN and MYGN today, then I look to my list. SANM is one of my favorites, even BEFORE the market opened I had pretty much of my trades selected (on a rally day I like to look at my proven earnings plays and SANM was on today's watch list) We were short JDSU from 104 covered at 69 (it moved lower) and reentered the option calls to hold through earnings.. this was a plan... a strategy a linking of events, that led to a successful resolution of that particular trade.

Of course the actual buys were a little different but not by much. Maybe looking for the catalyst that 'temporary' key every morning is a good strategy. My other strategy is to trade off earnings anticipation and then on rally days trade off those stocks (i.e SANM which I have in my high eps -strong stock database from a recent earnings report) that had great earnings. In my experience they stay up longer. You can't just trade blindly every day, there has to be a strategy, a system, a target....historical price patterns of your lists, some glue that bonds together your trading system. Or else you are trading in tunnel and you don't know where is the entrance or the exit to that tunnel..