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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 (118564)	12/8/2000 4:25:30 PM
From: jjetstream	Respond to of 120523

Dave...no kidding.....amazing last quarter of the year....will be remembered for a long, long time..... Glad I kept my NUAN puts (small amount, per Jenna's strategy).....

To: Dave Gore who wrote (118564)	12/8/2000 4:43:53 PM
From: Dave Gore	Read Replies (2) \| Respond to of 120523

After market quotes: JDSU -3.5, AMCC -3.5, SNDK -3.3, ADBE -2, NUAN -3.5, AKAM -3.5, INTC -1, MSFT -2, MANU -1.7, MUSE -5, YHOO -3/4, SUNW -1.2, ANEN -5, RIMM -3, MANU -2.6 (approx, right now) Dow would have dropped well over 200 points if the Market would have been open. You get the idea. You can see that this whole thing was planned to come out AFTER the market just closed and before the after market opened back up to most of us.

To: Dave Gore who wrote (118564)	12/8/2000 7:26:03 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

I don't know what the thread did but in the trading forum we advocated taking profits and leaving maybe a "basket of remnants" perhaps a few hundred shares of the 'quality' stocks. When stocks hit such strong profits intraday there is no need to hold the entire position for more. I have 3 puts and 2 call positions and a few 'remnants' here and there. And I agree about balancing the weakling with a few quality longs. We have to suspend all our preconceived notions about trading, investing and profits and adapt the 'go with the flow' new strategies that come with this new millenium. Things will never be the same again, but it will be just different not BAD just different. I have met traders who can't ADAPT to changing times, and insist on waiting until the market comes around to their thinking and established strategies would continue working 'once things came back to normal'. What is normal? We depended a lot on the NQ's and the SP00Z and without the 'reversal' periods would have accomplished nothing. Using CSCO as a "barometer" from which to fine tune the art of picking up the 'trend'. WE found some good stocks in other sectors. Airlines like SKYW and FRNT were downgraded yesterday and bounced back very nicely today. To totally be 0% at the end of the day is not that great either, its nice to have a wedge in when the market opens in the morning. If you have a few puts, sell them in an up market or hold them for another time, and let your winners run. I had puts in NTIQ, so what? I let the other calls and stock positions run. We can't time the market but without ANY risk there is no profit either. Many traders if they weren't long in anything sat on their hands this morning or bought very high and saw a retreat almost immediately. It was at that retreat that some shorts triggered. If they had no long positions to enjoy from overnight they would have missed a good deal of the "beef" of the profit. The gap ups were rather larger than usual. While waiting there were still short positions and some lower profile equities that did not gap as much. Monday, if the market is down we've accrued enough profits if we have to get out of the remnants and then let the few puts run. I am NOT invested, I don't need to be. For me an investment is 3-4 weeks, a swing trade is 2-4 days and a position trade is 1-2 weeks.