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

To: Lane Hall-Witt who wrote (1187)	1/10/2001 10:40:43 AM
From: Dave Gore	Read Replies (2) \| Respond to of 6445

UPDATE OF TRADING PHILOSOPHY: Our SNDK is flying based on an interesting PR today. Those who haven't seen the format and text of the PR may want to read it. It is obviously reassuring to investors, although I am not necessarily recommending anybody buy SNDK at these levels. Waiting for a pullback in strong, quality stocks when the NAZ pulls back makes the most sense. No point chasing in this Market which is up one day or one hour and down the next 2-3. If a good one gets away there are others and usually even the good one that got away come back to a good buy point. Buying SNDK at 25-27 (now $32) was obviously the best time to buy, well before the charts said to, a few days ago. Just like buying ELNT at 19-22 (now $35) or ESIO @23-25 (now 33-34) or IMNX at 30-32 a couple days ago (now near $36), again well before the charts said to. Sometimes fundamentally strong stocks get a little (or lot) oversold and over-manipulated and yes, defy the chart signals in this nasty market. The trick is finding the fundamentally sound stocks with safe valuations and the strong growth that will meet or beat and that isn't easy. NOTE - Buying before the charts say to can be risky, so each should use their own judgement. I try to be very selective and do this with fundamentally sound stocks that I view as undervalued, and watch patterns and L2 trading, block buying/selling vs. buying and selling by the small guy, volume patterns, etc. before deciding which stocks to buy "earlier" than the technicians. Charting is still useful but less important than when buying stocks with lesser fundamentals like BEAS or NTIQ.