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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 (3824)	2/5/2001 4:47:23 PM
From: Dave Gore	Read Replies (1) \| Respond to of 6445

Nice earnings report for TQNT, now up 4-1/2 from LOD, beat by 3 cents, we'll see how the CC goes. I am pleased so far since for once I held through earnings. Normally I do not take that chance but this had been severely beaten down, so I made an exception. I may not hold through afterhours though, if stock ticks down while CC is going on.

To: Jenna who wrote (3824)	2/5/2001 4:53:35 PM
From: Dave Gore	Read Replies (1) \| Respond to of 6445

ARBA....nice REWARD/RISK ratio, especially with news today on its new Ariba Sourcing (tm) and a very low stock price. Some analysts today (see my favorite compilation site, netcog.com) are recommending it today. This could go lower if the Market is weak tomorrow of course, but I like it here.

To: Jenna who wrote (3824)	2/5/2001 5:27:19 PM
From: Jenna	Respond to of 6445

We might have another 3 weeks of volatility but if we follow and track (I'm already doing it) the better stocks that have beaten estimates and especially those that are STILL trading near their lows could make for another rally like we had in January. We had a great rally and TLGD is the only geek I'm stuck with all others were traded in well before this month even began. Now holding just a very few stocks. EMC, GLW, CSCO, NTAP, JDSU are not yet in the ballpark of where I would hold long and leave them. BEAS triggered on purely a news-driven upgrade, I wouldn't take it seriously here. Not even holding those health care stocks after we milked OXHP for two days and LPNT for 2 swing trades, OXHP is down after hours and we suggested letting the position go through earnings so as not to replay PSFT, which was also let go after a short run on anticipation. There is no fire under us. I held CLS only to have a small loss and the same with DIGL. I'll reenter when I'm more sure they are ready for upside. I don't like to enter and hold through correction. I don't think the time is ripe yet for another 'January rally'.. Maybe it will come in the next two weeks, I don't really care. I had the best part of ELNT and since I sold at 45 and at 50, its been a short already today and on Thursday. No regrets there at all. When ELNT recovers maybe I'll try it again. You don't have to time these markets to the last point, but it IS advisable to have a good idea on the daily charts where the resistance and support lie and what this and others have done in the past (i.e. when have they retraced the most, and at what levels etc)