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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 (401)1/2/2001 9:29:28 PM
From: ChrisJP  Read Replies (1) | Respond to of 6445
 
What do we call our leading short plays ?

Market Cubic Zirconia ? ..... Market Iron Pyrite ?

Regards,
Chris



To: Jenna who wrote (401)1/2/2001 9:47:25 PM
From: Jenna  Read Replies (3) | Respond to of 6445
 
Transcript from the first hour of trading: shorts/puts were a smorgasbord of monetary delights..

All the plays below were watch list plays so the pivot points (minor support and resistance as well as major support and resistance when applicable) were already posted and analysed on chart work sheets before trading today. A few of them were continuing short plays that we said we might hold through the weekend. One or two were news driven (COF, ADRX) We splurged this weekend and were a little more adventurous. . Left out only some private trades mentioned in the room by a few traders.

MVSN was called by a room member on Friday from an earlier watch list and it was an easy "find" today. We could have done our trading via intraday updates, with pop up charts and bulletins, which are easy once you already have the detailed watch lists BEFOREHAND.

09:25:16 <jenna> CFLO and NTIQ.. looks like puts continue or shorts. (probably NUAN, ONIS, WEBM as continuing shorts)
09:27:19 <biersack> ANEN short
09:28:32 <jenna> Probably some shorting opportunity on SUNW this morning.. good we held onto the shorts from Friday... wish i held JDSU.. but still we have enough.
09:29:33 <jenna> BRCD looks cooked. COF and PVN might be shorting opportunity.
09:30:07 <jenna> MVSN looks like a short.. BRCD.. very nice..
09:30:26 <jenna> NTAP great moves for those who held short and/or puts..
09:31:02 <jenna> JDSU is up temporarily probably. SANM should be pulling back, we wait
09:32:00 <jenna> TLGD moving well.. so far
09:32:18 <biersack> ANEN short
09:32:20 <jenna> AMCC looking like short bait soon we wait.
09:33:00 <jenna> NTAP lovely...
09:34:02 <jenna> WEBM lovely continuing short from Friday.. very nice hope everyone held.
09:35:11 <jenna> TLGD pulling back as expected.. JPM looking to pick up puts at 9:50 or 9:45..
09:35:22 <jenna> ARTG a short 28 5/8
09:35:38 <jenna> BRCD continuing short.. very nice..
09:35:51 <jenna> ISSX continuing short from Friday (watch list short)

09:36:27 <jenna> TLGD looks like a short bait 37.. nice stock but its down.. taking out all the support intraday..
09:36:33 <jenna> DOW down triple digits.
09:37:30 <jenna> WEBM.. crashing as expected.. ONIS is cooked.
09:37:43 <jenna> MVSN down 2 1/2 since short already..
09:38:12 <jenna> QLGC today's watch list short bait 71 3/4
09:38:58 <jenna> NTIQ cooked ... looks like longer term puts through the week at least. the 80 puts are in the money already look to the 75 January puts for NTIQ
09:39:58 <jenna> CMRC continuing short.. it did not recover but rather triggering a short at 23 1/4
09:40:42 <jenna> BEAS the Beast.. is looking like short bait continuing..
09:41:21 <jenna> nq's are trying to recover..
09:41:41 <harmon> COST days high
09:42:42 <jenna> AMCC close to shorting bait we wait.
09:42:59 <jenna> ADRX a buy at 67
09:43:48 <jenna> SNDK today's watch list looks to trigger a buy.. as it reverses that downtrend.
09:45:29 <jenna> SNDK takes out the pivot point 38 3/16 could be a buy here..
09:45:39 <jenna> sorry that pivot point was 28 3/16
09:45:58 <jenna> SNDK a buy trigger now..
09:46:16 <jenna> ANEN moving to the high of the day.. to be watched here..
09:46:39 <jenna> ADRX flying on good news...nice..
09:47:29 <jenna> COF moving lower..
09:48:24 <jenna> BRCD and NTAP still lovely..
09:48:41 <jenna> watching this could be a bear flag attempt to rally.
09:49:14 <jenna> QLGC.. is right at the pivot point here..
09:49:27 <jenna> AMCC doji as well.. looks bearish.
09:50:39 <jenna> HAND a continuing short so far..
09:52:13 <jenna> HAND is dropping and taking out the low of the day at 9:50.. a continuing short.. it did not recover at all no matter what was in the IBD Friday.. the bearish engulfing on HAND on the Friday chart persevered.
09:55:45 <jenna> ARTG looks like continuing short..AMCC taking out 75 was a short on the daily and now on the intraday 73 1/2 confirming a short for AMCC
09:56:09 <jenna> NTAP continuing short.. very nice..
09:56:18 <jenna> BRCD continuing short.
09:56:25 <biersack> ANEN approahing 57 ..let's see if we can get 47
09:56:33 <jenna> MANU is also a short at 50 1/8..
09:57:04 <jenna> COF dropping like a rock since morning short..
09:57:50 <jenna> We are having a deterioration into the 10:00 reveral period (this is a key reversal time)... shorts are continuing.. ADRX and SNDK trying very hard..
09:58:29 <jenna> ADRX could be a spike high here.. and reversal.. a bull flag reversal. ADRX has been due for some upside
09:58:41 <jenna> NUAN continuing short from Friday.
09:59:19 <sivig> CHKP lod;
09:59:40 <jenna> WEBM is cooked.. nicely well done.. still more downside for NTIQ, WEBM, ONIS, PWAV today's watch list continuing short as well.
10:00:03 <jenna> JNPR cooked.. well done.....
10:03:06 <adelman> t
10:03:08 <swanbg> PDII lod
10:03:32 <jenna> BEAST is dying (BEAS).. Please check the watch list...
10:03:50 <jenna> Hold short positions.. (for long gains... and profits)
10:04:13 <jenna> ARTG new lows..
10:04:34 <jenna> PDII.. beyooteeful... what a blimp.. wish it had options.
10:05:42 <jenna> COF dying... WM upgraded the stock is taking out lows of the day.
10:06:05 <jenna> ADRX.. moving up and away in down market..
10:06:25 <jenna> SNDK.. a shame its pulling back..
10:07:24 <jenna> CREE taking out th last vestige of support.. check the charts please.
10:08:05 <jenna> marketgems.com NTIQ was cooked before today but not everyone noticed this blimp among the other ruins.
10:10:09 <jenna> marketgems.com PWAV perfect move on intraday...
10:10:54 <leekramer> It appears that 2002 tax-loss selling has begun. Somewhat early.
10:10:55 <biersack> ANEN now try 47
10:11:14 <leekramer> Nice trade Robert.
10:13:05 <jenna> QLGC.. pefect inability to hold an support levels marketgems.com
10:14:25 <jenna> the BEAST is looking like it might recover here.
10:14:29 <jenna> BEAS
10:14:53 <rkhedrick> BEAS Of course it will; I'm short
10:14:54 <jenna> NTIQ.. gorgeous..
10:15:23 <jenna> BEAS... I wouldn't really worry.. it recovers in bear rallies.. I've been in puts and still am..
10:15:57 <rkhedrick> Uh, okay
10:16:21 <jenna> ONIS.. do you really think that will recover ;-) or WEBM.. already doubled in all of them.. NTAP is a triple bagger.. and trying for more.
10:16:32 <jenna> QLGC.. cooked..
10:16:46 <jenna> ADRX if anyone is long anything be careful..
10:16:48 <harmon> CANI getting dumped
10:17:57 <jenna> SNDK totally pulled back..I liked that one but it wasn't to be held long.. If you can get SNDK short, its okay, if not there are many more. short/put plays.
10:19:03 <jenna> NTAP still dying.. still overvalued even now.
10:21:03 <jenna> MVSN.. hope someone managed to short that blimp
10:21:50 <rkhedrick> BRCD toast
10:28:31 <jenna> NTIQ is cooked, QLGC.. can't hold this multiple.. NTAP.. slight beginning of bearish flag here. You might want to take some profits on the puts. RBAK, BRCD, BRCM, NTIQ, ONIS.. WEBM all continuing shorts/put plays.. Probably look for the beast below 60 today..
10:29:34 <jenna> Great rally for the shorts.. the European markets all down today and the japanese as well.. the target shorts will be the triple digit multiple stocks.. like BEAS, JNPR.. BRCD and BRCM how low can they go? Lower and lower
10:29:54 <jenna> The more they call a bottom, the more puts I buy..



To: Jenna who wrote (401)1/2/2001 10:31:52 PM
From: 3_putt  Respond to of 6445
 
A name for something that is valuable when everything is going down ? Let's see. How about "a parachute" ? That's definitely something I'd wanna grab when everything is going down.