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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 (116833)	11/16/2000 4:00:08 PM
From: Dave Gore	Read Replies (2) \| Respond to of 120523

Nice run from PKTR off lows (+6) I would take profits now; NT and AMCC sure are tempting but can't pull the trigger yet. I prefer trading intraday now.

To: Jenna who wrote (116833)	11/16/2000 4:22:58 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

I said that yesterday the worst thing you can do in this market is take any rally, pick out the stocks that moved up in momentum without any clear reasons and look to go long on the SECOND day after that rally. Most people see downtrending stocks that finally move up ONE DAY as a reversal or recovery when actually they are setting up as short bait. What is a short? It is either a very strong stock that is backing off its 10 or 7 day moving averages for a 'pause' that refreshes and this is rare lately. Or a very weak stock that has been in a downtrend, moves up one day and everyone is knocking themselves out trying to get into this 'reversal'. It is actually a 'pause' in the downtrend, and a very good 'platform' from which to establish a position right before the next dive down.

To: Jenna who wrote (116833)	11/16/2000 4:25:55 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

<font color=teal>Go Short, my friend and not into the Abyss... We were short from about 12:00 to 12:30 until the end of the session. I saw no signs of any real rally anywhere except a little blip or bear flag that did not cause our belwhethers to move up. Another indicator was the PEB lack of momentum yesterday.. and there were many signs today of a fizzling of the rally even before it actually fizzled. When we saw INTC, CSCO,DELL, AMAT losing momentum it was obvious. One or two candlesticks does not a trend make. You need to take a number of criteria into consideration unless you are scalping for 10 minutes and you've wandered into a trade by mistake. To: <<<<Jenna who wrote (116808) From: Jenna Thursday, Nov 16, 2000 1:19 PM ET Reply # of 116840 I would be holding onto our short plays here (JNPR, NUAN,IDPH,MUSE CFLO ..take rest of profits on CORR and any others (i.e. AEOS still powering maybe leave that) Newer shorts ARTG and AETH.. are about even give them a few minutes >>>> editors comment.. we gave them a few hours! worst thing you can do in this market is take any rally (yesterdays), pick out the stocks that moved up in momentum without any clear reasons and look to go long on the SECOND day after that rally. Most people see downtrending stocks that finally move up ONE DAY as a reversal or recovery when actually they are setting up as short bait. What is a short? It is either a very strong stock that is backing off its 10 or 7 day moving averages for a 'pause' that refreshes and this is rare lately. Or a very weak stock that has been in a downtrend, moves up one day and everyone is knocking themselves out trying to get into this 'reversal'. It is actually a 'pause' in the downtrend, and a very good 'platform' from which to establish a short position right before the next dive down.