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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 (4264)2/9/2001 2:25:48 PM
From: Jeff Jordan  Read Replies (1) | Respond to of 6445
 
DIGL pretty funky huh....a company with accelerating earnings....sometimes market sentimentals is more powerful than fundamentals....it's nuts

stuff getting cheap...



To: golfnut777 who wrote (4264)2/9/2001 5:44:43 PM
From: Jenna  Read Replies (2) | Respond to of 6445
 
Trying to answer as many as possible I read most but not all the posts.. Today we learned how important it was to HOLD SHORTS and LONGS if they had significant BREAKdowns and BREAKouts. I got hit with DIGL also for 4 points, and I covered ALXN a little too late coming back missing the low. However, today was a perfect match between the blimps sinking and the earnings plays soaring. Only IMNY stopped me out and that's because i left I would have exited the trade myself. Most of our early morning triggers held strength and the shorts except EMLX and BEAS were powering down into the close.

Today was a turning point also because we decided that we would put a lot of emphasis on the strong stocks that survive (i.e. CCMP, DPMI, GNSS, MNTR etc) in the tech sector and the very strong earnings plays that proved all this month they had the capability of bucking the trend. Even an example like AEOS which was downgraded yesterday was called already as a probable recovery in premarket because the strength of this particular stock and a lot of others showed they could hang tough through a downgrade.

We mentioned PLUG might cause reverberations in the fuel cell stocks and that XOXO looked liked it was in bad shape, and of course the earnings that came out this morning as well as last night (CAMZ, HYDL, HAIN, NOI, IMNY, etc).. we will be concentrating A LOT OF TIME on strong stocks and plays in the next few weeks.. and following all watch lists through their trigger and follow through.