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

To: Dave Gore who wrote (5456)	2/27/2001 9:20:02 PM
From: Jenna	Read Replies (1) \| Respond to of 6445

Dave.. Actually I think putting in that way, thats a very thought provoking comment. I knew you didn't mean that shorters aren't causing anything, but I still didn't get the true impact of your post under rereading it. I think you have something there. Daytraders and perhaps even investors are flocking to become daytraders (that doesn't make me jump for joy as you might think because we want traders who understand that EDUCATION and a capital allocation that you won't miss too much is important. Some of them jump in with limited knowledge and expertise and begin to trade or try to) Dave, the game did change. and it goes deeper than daytrading though. Investors are probably not necessarily shorting but taking profits after 2 or 3 rally days. I would say though that what is behind this going flat is not so much from a keen prescience or forethought to necessarily make the most money, they are just afraid to lose and yes of that I am guilty also. The few times early this month a tech stock it was not the right decision at the time. Little by little I just changed my strategy completely but its only temporary (at least I hope so)scalping is for the birds, literally. You make bird feed money unless you buy 5,000 or 10,000 shares and I'm NOT a trader at those levels. I used to trade those levels but I don't any longer. I trade because I love it not because I need it and when you are stable in your financial situation you don't need that much 'exhiliration' . I might again some time but not now. . If there is no choice I might scalp but not consistently and not for weeks or months. This depends on what you mean by scalping.. to me its entering too many times for too little. Holding a stock from say 9:50 to 10:10 or even 10:25 to 10:30 time frame is the average time frame I like.. more is better of course. Scalping has nothing really to do with time spent in the stock but rather HOW MANY TIMES HAVE YOU MADE THE TRADE in the same stock and during how long a time frame. (You can get 5 points in a 5 minute trade if its news or earnings driven or 15 minutes in a short) And obviously the highly volatile stocks you like to take your 3 or 4 points but you should also trade less volatile stocks (i.e. the swing trades or the "slvn" like trades) Its like we used to hold through earnings 18 months ago and now we mostly go long in a daytrade (hardly even a swing trade) go flat through and wait for the fireworks afterwards or in a small number of cases, we actually go long afterwards. Since PMCS puts through BEAS.. except for a number of potential good long holds like DELL, AMAT, CIEN and NUFO, where I could have profits the only side was the short side to hold. I let a nice profit in MARY wash away by holding that through earnings and luckily they weren't so I was able to get out relatively unscathed but still could have exited 5 days I had time to exit. Now I virtually never hold through earnings.. PLAB and NVDA and ACTM were chancey but they came before MARY... so I won't take that chance again. Other people are also learning from mistakes and their conclusions might be "We don't Invest" we take profits.

To: Dave Gore who wrote (5456)	2/27/2001 9:42:36 PM
From: lee kramer	Read Replies (2) \| Respond to of 6445

I don't know about your thesis Dave: As a day trader, among many to be sure, I always think of the 10,000 Funds. TEN THOUSAND!. And among those the hedge funds and all those multi-billions. I just try to get outta the way when I see 'em coming. I can recall several pretty bad bear markets, worse than this even, when there was no such thing as a day-trader. Tired now, gonna marshall my thoughts and maybe post a more cogent response tomorrow. At 6:00 a.m. Please be up and expecting. 'nite Dave. Lee.

To: Dave Gore who wrote (5456)	2/27/2001 10:02:22 PM
From: Aj-Ruk	Read Replies (2) \| Respond to of 6445

Dave, I love this conversation so please keep it up. We could probably all read and dwell on these issues until the end of time. That being said, I am reminded of a conversation I routinely had with a friend who owns an insurance company. We used to banter over daily moves and upside/downside market swings but his final point was always the same, the one constant in this mess is that those mutual fund managers have got to do something with all that money, if not monthly then certainly quarterly. They just can't sit in it you know. Ultimately that is what will make this down turn go the other way in short order. Millions of workers, both kinds of collars, are sending heaps of cash into funds without any thought of reversing course. It takes too much time to get out and most employees wouldn't know how to get out anyway. I am a firm believer that this is all manipulated but it can only be held down so long. There is one absolute, the working man's checks will keep coming to the fund bi-weekly. It's my opinion but I would say get in now. Once you feel deep fear the time is right!