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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: Jeff Jordan who wrote (117692)	11/30/2000 4:29:20 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

Friday is my choice also for a rally, but not necessarily in the morning, or through all the reversal periods but something more substantial than today. I'm still not holding through weekends. Still thing there will be an exhaustion move to the downside in the morning, and gap downs. Did you catch the move in CORV yesterday? and the move again today.. Today CORV's move was more subtle.

To: Jeff Jordan who wrote (117692)	11/30/2000 4:43:53 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

<font color=maroon>Where and What to Short Thought I posted some thoughts on the biotech sector. Its too many posts to wade through but I did think in the mid afternoon that any tech rally would trample the biotech sector. Indeed, that is what happened. MYGN.. which was doing rather well, suddenly turned bad, IDPH moved near the lows of the day, and ADRX which was hanging on very well, finally lost its support. I think we might see more selling in the biotechs. Another area to short are stocks that are just up too much in too short a time frame (i.e. IWOV, NTIQ, ONIS, NUFO, NUAN, CORV, MCDT, EFNT and the like) and any recovery will set the stage for a new short setup. We shorted IWOV close to its highs and it closed 67% of its high. MCDT it was decided to wait.. others shorted RIMM. We can play volleyball with stocks that are up 15% and more in one day AND ARE TRADING IN THE BOTTOM PERCENTILE OF THEIR YEAR HIGH. Because their prevailing trend is is DOWN.. Rallies in companies like these are usually no more than short set ups and bear flag rallies. We need to diversify...not just in stock selection but in long and short positions. There will be ample opportunity in the next few weeks for longs in 'quality' techs as opposed to shorts in stocks that are just dragged along on momentum but have no real legs.