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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (128)	12/28/2000 2:46:04 AM
From: trader_joe	Read Replies (1) \| Respond to of 6445

Hot Subject #1 how come? This thread has been around since Moses parted the Dead Sea. Anyhow I like PWAV, BRCD and CORV on the short side. We have a situation where within the next few weeks anyone of the the favored techs can call another earnings warnings so why hold more than a few long plays? Looks like the end of an era and CSCO, IBM, INTC have limited downside but others like BEAS, AMCC, SANM, FNCR and CREE are candidates for a leper colony.

To: Jenna who wrote (128)	12/28/2000 8:38:08 AM
From: Jenna	Read Replies (2) \| Respond to of 6445

The same 'ole problem. Do you take the 18-25% gains for the swing trade or do you hold for more gains. Whenever we decide to start a new tech portfolio its up that much and the decision to hold is almost taken away by the desire to take profits. The rallies last a short while, than if you haven't taken profits they erode much like options (an apt term actually).. In this case I chose to take profits and keep 2 puts riding. This morning I would not do anything until a pattern of a trend is established by the 9:50 to 10:10 reversal period. This trend might continue into the 10:25 to 10:35 reversal period or it might end earlier. Some good short setups are apparent in this new 2-3 day (or 2-3 period rallies) which turn into overbought situations on stocks in deep downtrends which are begging to be shorted. I try to hold options/stocks that were already battered (JBL, EXAR, ELNT,JNPR, NUAN etc) and not those that are approaching year highs or are up extraordinarily after 3 days. Anywhere where you least expect it you can have more warnings so I like to stay 'on my suitcases' ready to move at a moments notice.