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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 (117547)	11/29/2000 1:55:17 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

Some morning triggers.. to the long side. CORV (sink 'n swim trade) marketgems.com marketgems.com marketgems.com

To: Jenna who wrote (117547)	11/29/2000 2:11:37 PM
From: Dave Gore	Read Replies (3) \| Respond to of 120523

Jenna, you are obviously taking the much easier path to success in this market. Picking bottoms is not easy and the trend really is your friend. I've been successful about 80% of the time but today I counted too much on the COMPX holding 2680. Not a big deal as it is back there now, but I could be up $2-3K instead of being down $1K on paper so far. Not a big deal as these were not intended as scalp trades anyway but it's always fun to brag about buying at a bottom. Regarding the market, though, if one picks up a fundamentally sound ELNT around 45 and still not make money in the short term, this market is not happy right now. I would have thought many would have flocked to ELNT at 45 but still not happening. I plan on sticking by ELNT, EXDS, AMCC for the longer term and XLNX for a hopeful rebound in the weeks ahead. Of course, I do need to emphasize puts a bit more and watch the market very carefully, as seems to be at a fulcrum point around 2650. The COMPX could go down to 2300 or up to 3000, so there is about 350 points of risk or reward it appears now in the very short term. A few days ago, I thought 2500-2600 was the absolute bottom but I was only a bit concerned about the Feds NOT adapting a neutral bias on the 19th, now I am more concerned as I think Lane is more on the mark. I think the market needs that change to a neutral bias to rally. The conclusion to the election may only result in a temporary one. Anyway, Congrats! :-)