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


To: Lane Hall-Witt who wrote (5898)3/6/2001 12:13:54 PM
From: Jenna  Read Replies (2) | Respond to of 6445
 
although the market is looking good, it was hard to get profitable after that initial gap up, but we are in EMLX, MUSE, QLGC, NVLS, ARTG, (buy stops are in for MERQ for those who haven't gotten it at 46 1/2) and they are moving well. CCMP as usual a powerhouse. Still in MWD, RIMM and IBM puts.. (RIMM and MWD older positions, but IBM is pretty new and will profitable at 100 picked up at 104)

Hopefully we might hold some of these positions for multi day gains or gap ups in the morning but its much too soon to tell at this time. TGT did very well today after a gap and and crap, but we use this as a barometer for other retailers only



To: Lane Hall-Witt who wrote (5898)3/6/2001 12:22:13 PM
From: Dave Gore  Read Replies (1) | Respond to of 6445
 
Trendless market now; we are in the doldrums. Again, we could go either way the rest of the day and week. I am cautiously heartened by the reaction to the TQNT warning. Also, there are some stocks that are doing very very well on modest earnings surprises. For the moment there is a positive bias, but like Lane says we can't get too comfortable.

It was still not easy to make a lot of money today on the long side if you didn't have some holdovers from the close yesterday, but ARTG was again a shining star. Ditto GLW, both of which gave you time to get in and still make nice money. BEAS was a nice trade, too, but its high valuation makes me nervous for a longer term hold. I still think ARBA could pop back to $18 or $20 if the NAZ does even reasonable well over the next week or two.