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

To: golfnut777 who wrote (3683)	2/2/2001 1:51:41 PM
From: golfnut777	Read Replies (1) \| Respond to of 6445

The Merrill Lynch Internet Infrastructure Services Conference begins Monday. Among the companies scheduled to present are EXDS, DIGX, EQNX, Q, INKT, RNWK, GBIX, DRTN, NAVI.

To: golfnut777 who wrote (3683)	2/2/2001 8:06:52 PM
From: Jenna	Respond to of 6445

HOLDING THROUGH EARNINGS BAD TRADING PRACTICE: NTAP was a short at 60 cover at 47 but I still have the 45 puts for February waiting the earnings report (maybe the day OF and not through).My only regret is in not picking up the CSCO puts but I am not holding anything through earnings any long maybe 5 or 10 calls/puts. I got away by the skin of my teeth with WEBM which by some miracle actually stayed up a while and I'm still one point down in MTSN, escaped a strong 2 day correction before entering EMBT timely and exiting today but with only 1/2 lot. This holding through earnings is a disaster de jour and I'd like to wait until the general economic forecast is better before making any 'casting of the dice' calls that are at best lucky guesses, and at worst bad moves that can be habit forming. My strategy was to sell most longs (did not have that much anyhow) after the FED meeting taking the profits off the table and going short, which we did. However the first night we only took home BIOTECH shorts thinking eyes would be on the tech sector, and they were. Held only the short of NTAP and VRSN (VRSN closed last night) and picked up some 'low profile stocks 'like ADTK, PHSY, ARXX, PMTR, RDWR, CPKI, etc, holding the biotechs through today. Tech sector shorts from Thursday WERE NOT held through today not even NTAP (but the puts were kept) VRSN was shorted once again, however the biotechs WERE continuing short plays, and by then the techs were added. Now I'm only with puts in NTAP and a short play on SEPR. This way our exposure both long and short were limited. It was not perfect, we got stopped out of 2 positions today with very little harm, but it was worth it. AVID had a good earnings report, we did not hold it was down over 13% today, ATVI we missed completely since all the action was yesterday after the close. EMBT dropped like a lead balloon and NUFO the only really good one had so much going against it that I don't know anyone who held that through earnings. Yet NUFO was the best of the lot. That doesn't bode well for NTAP or CSCO. Luckily ERTS was grabbed when someone in the trading room mentioned that it was up 1/2 in after hours, than 1 1/2 and I picked it up and the next morning it was up another 5 but that's lucky and in a way it was 'after the fact' Thinking back on the ERTS move, it could easily have gone the way of AVID today but at the time I wanted it. So now I'll watch AVID like a hawk on Monday/Tuesday and hope for an instant replay of "EMBT" and maybe it too will be up, but I'm not keeping my hopes up, AVID was up near the highs before the report, more than likely its played out for a while. My inclination is that both CSCO and NTAP will have reports closer in line with the likes of SUNW rather than the lucky one NUFO.

To: golfnut777 who wrote (3683)	2/2/2001 8:48:25 PM
From: Jenna	Respond to of 6445

NEXT STRATEGY: Since the nasdaq 100 lost support today as well as some other indices are close, marketgems.com there could be another smaller capitulation selloff on Monday morning till about 10:10 or or 10:25 or maybe till later in the day, it doesn't matter. After this the market internals as well as the key indexes should be looking better but not perfect, still weak but 'responsive', we should be rebuying SPARINGLY some of the HOT stocks that kept us happy through January like MUSE MERQ,DOX, ESRX,CHKP,ELNT CCMP, DPMI, CMVT, OPWV, MSFT, AOL, FNSR, ALTR, XLNX, SANM etc. Keep these separate from the trading stocks that are good for 1-2 days and then become short bait. (trading --->NTAP, RIMM, PMCS, SDLI, SEBL, EMC,BEAS, AVNX, TQNT, SDLI, ADBE, MACR, VRSN, BRCD, BRCM <-- trading ) and continue to wait for our little GEMS IN THE ROUGH to bounce off their 20 or 10 day moving averages and retrigger as they remain in a buy zone also like UTSI,MGL,SLNK,PHSY, UAXS, TPTH, PKSI, PKTR. Maybe by then AVID and ATVI also will have come around. Shame that ATVI gapped up so much. moving well above 52 week high. THE CAVEAT HERE: Both the large cap technology stocks and the smaller ones should have STRONG FUNDAMENTALS (don't limit yourself to technology just look at companies like TPTH) and not rebuying high P/E stock or the AKAM, ARBA type stocks for bottom fishing. When stocks are on the bottom, they are likely to remain there since every rally is a shorters smorgasbord a la VRSN or BRCD. I am not sure when the biotech sector will be in favor again, but I hope soon we are waiting for our favorites.