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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 (119733)	12/20/2000 12:46:55 PM
From: Dave Gore	Respond to of 120523

Jenna, one of my modus operandi's is to get to know the MM's and movement in 2-4 stocks very very well rather than watching charts of dozens of them and flying around like mad. It's not for me. Oh, I watch many stocks but try to identify stocks that are fundamentally sound and undervalued and concentrate most on them. EXDS was one of course that I played over and over from 20-23 up over the last month. I can't trade short in my IRA account so this is why I ignore the short side (although once in awhile I do puts in one of my cash accts.) A friend made $150,000 a few years back just playing MSFT options and nothing else. That was a lesson for me. You can go nuts playing all sorts of puts and calls and tracking a few dozens plays of just build up confidence in a handful. Lately I have switched back to the latter. Most stocks do have a distinct trading pattern. Like I said ELNT is one and I have made 7 successful scalp trades in a row now. I'll lose at some point or sell too early but scalping can be done successfully in this market, short or long.