Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Note bene who wrote (5532)	2/28/2001 4:21:32 PM
From: Dave Gore	Respond to of 6445

Note, it changes each day. Today I traded ARTG up and down, not because it was neccessarily the best stock to go long and short on, but because I know it well. Actually it was superb because it traded between 23-3/8 and 29+). It hit the low 23's a few days ago on a Market tank, so I knew it could get back there. I traded FLEX for minor trades up and down, because I know it. I tried to take BEAS short but I ended flat because I didn't know the stock as well and didn't have the same confidence holding through what turned out to be a minor NQ run-up. I am making longer horizon lists and of course a daily list for tomorrow based on how certain stocks did today. FLEX and VRTS were two of the few that were positive all day. Stocks like that often snap back nicely on NQ rallies off low levels. CIEN is another stock I like because it guided higher a couple weeks ago, a rarity. Ditto ARTG a month or so ago. When the SOX does better, I love TQNT and ATML. TQNT needs the comm sector to get stronger. ELNT will be good soon only for a trade if it retests its lows and holds, and then the NQ's power up. I also love GLW but it is more of a longer term play, since it moves slowly. NTAP CEO was pretty confident going forward and the stock is at depressed level (althought not exactly cheap) so that makes my list. RBAK is one of the best to trade lately - lots of analysts like it lately, so it goes up fast on rallies but can also go down fast once it breaks. It has been very quick to snap back recently. AMAT is worth watching, so is BEAS (high PE but superbly run company with no inventory overhang issues). ARBA could do extremely well if the B2B space is upgraded at the right time. It was judged one of the 8 stocks for the future yesterday (highlighed on Briefing today) along with MANU and some others. AMCC and JDSU could even be good for a nice run at some point. The list goes on. On the short side, BRCM was "dead meat" after that WSJ article a day or two ago. NEWP, RIMM, NETE, BRCD, many others. This list changes much more radically based on early morning news and sector or stock downgrades. If you get that and the NQ's and S&P are weak for an extended period, then they become pretty good bets to be successful shorts. I prefer to play it safer and I short (which I am not as comfortable with) the stocks I know best, often on a false NQ runup in conjunction when technicals weaken again. I will sometimes even short from my long favorites list for a quick daytrade. Again, it 's more important for me to trade the stocks I know, and the ones for which I have short and long buy trigger in place at the beginning of the day. I find the single most important tool to have is MyTrack or a similar service. I keep real time charts of Naz futures (NQ's) and daily stocks on the screen with Level 2 action all day. Without that I can't imagine how any Daytrading can be successful. Again, like I said last night, swing trades are pretty risky and not in vogue right now. I still refuse to hold overnight. I wish I could feel confident doing Swing Trades but I don't right now.