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

To: Rick Buskey who wrote (566)	1/4/2001 3:38:08 PM
From: Dave Gore	Read Replies (1) \| Respond to of 6445

Richard, it's hard to say if a weak jobs# will help or hurt the Market tomorrow. If it's weak, we get a further likelihood of a 25 or even 50 basis cut later this month, but it also may remind people how weak things are and rekindle worries. As usual it all depends on Wall Street's "spin". If it's not that bad, the Market could also rally or fall. It's almost as if the Big Boys want to leave their options open to move the Market in either direction depending on where they can make the most money in the short term. The most prudent thing to do is sell your profits today and re-assess tomorrow. I agree.

To: Rick Buskey who wrote (566)	1/4/2001 4:07:16 PM
From: Jenna	Respond to of 6445

Holding a few puts "usual suspects" GLW a hopeful did not do well, EMC was better. I was in a short-trade mood today anyhow with an eye towards the biotechs and blimps... PMCS, BRCM, RBAK, BEAS, NEWP.. Longs were unimpressive. Tomorrow might be better for longs but as I said I couldn't care less if I bought puts/calls went long or went short. All I care about is a trend that stays intact enough for more than a scalp. I 'scalped' JNPR today for a few but I dont consider it more than failed attempt to get JNPR for my usual 8 to 10 points. Scalping is getting in on a choppy market that is trendless and forced to get out as the trade is only half-mast. They work but there is no living to be made scalping. Its about 50-50 success and with slippage and commission not worth my time or the subscribers. I like 'beefy' trades and I'd rather be flat than overtrade.