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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 (118868)	12/13/2000 11:08:48 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

<11:00 update> We have more short positions here #6 today's watch list as it took out all support by the 10:35. WE put in a buy stop in #8 but it didn't trigger long but rather short, much like ELNT did yesterday... We tried 2 buy stops just didn't make it. And now we have a half dozen short plays that are tanking.. 2 lessons to learn today: Sit on your hands until 9:50 no matter what happens... By 9:35-9:45 there were many pullbacks by 9:50-9:55 if the stocks are NOT at the high established up to the point.. and you are still adament than put in a buy stop at the high and they won't take it out so you are not missing anything. You can't chase losers. By 9:50 -10:00 it we had a bunch of shorts which accelerated into the 10:25-10:35 reversal period.

To: Jenna who wrote (118868)	12/13/2000 11:12:59 AM
From: Dave Gore	Read Replies (1) \| Respond to of 120523

Jenna, we'll likely start to rally strong into the Fed meeting; I would get ready to go long sometime today or certainly near the close tomorrow. No way to tell exactly when just yet. Gore's concession speech, while expected, should help too. OPTIONS EXPIRATION is probably creating these wild movements and perhaps extra odd movements. We'll see. I am not wild about tech stocks unless they dip significantly here. SUNW is cheap however for the long term but a little worried about a warning. ELNT under 40 should be a sane play. ADBE may be a great short - was hoping to short it at 75, so may not go after it. I just can't see how their earnings report wiill have good things to say going forward. May be time to focus on select stocks that will do well on a interest rate cut or under Bush (e.g. SLM may be good one), although I am still waiting to short AXP or KRB if they go a little higher on the slowing economy. PFE, BMY seem safe, too, but rather boring.