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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: Dave Gore who wrote (116962)	11/19/2000 2:14:37 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

DG.. Agree with that just amused by others that have actual time targets for some of these stocks that are so far in the future as to fog over completely the fact that they don't have the 'foggiest' what will be in the next earnings quarter. The answer is definitely NOT TO HOLD SHORT POSITIONS over weekends or even overnight if they are not some small put positions. The shorts have had their field day and could wait and let the BULLS reign if they have the power and could win. At this point I am not short any position and actually have a few long (call option positions) but not in blimps or non-earners with high revenue but GREAT potential, but rather in solid large cap technology companies. This is where those on the sideline will place their money and not on stocks that were beaten to a pulp or still have very high valuations. Remember that companies that have been beaten down 200-300% will more than likely never regain their previous levels and always be relagated to the position of being 'short set ups' on any rally. That is where short players in the next few weeks will still reign. Not to mention in the coming earnings season when earnings shortfalls begin as early as Christmas or New Year's. We should not be battered by emotions or fears at this point but I certainly will not follow others into the 'long' realm because of forecasts. The only thing that should steer us is the price movement and the trend. When you follow the crowd you get burned. The only way to determine who is leading the tug of war, the bulls or the bears is by watching for increased price accelerations, directional movement trends (i.e. the ADX, and - and + directional indicators)overbought and oversold situations and how they resolve themselves both in the daily and intraday charts. Don't buy junk because they had one good day but wait for the belwhethers to lead. Most of all don't hold 'boatloads' of shares in either direction, long or short. Trading you can trade with thousands of shares, but holding I'd only commit to a few hundred until the trend is clear. And the trend at this point IS FAR FROM CLEAR.