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Strategies & Market Trends : Intraday Updates, Analysis & Strategies for Daytraders -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (356)	3/15/2001 2:03:39 PM
From: Dave Gore	Read Replies (1) \| Respond to of 589

TRADING vs. INVESTING - I actually think most would be much better off just concentrating watching a few stocks they know well, rather than make lots of trades on the many dozens of stocks that you and others talk about on this thread and in trading rooms. Plays of the day are fine if you are committing to active scalping and daytrading but not enough people are as committed as you are in putting in 12-16 hours a day plus weekend work to be able to keep up with trades of stocks they don't know well. Charting and T/A is even less useful in choppy trendless markets and the MM's are really whipping people around. Quite frankly there are not enough people willing to buy today and MM's are taking advantage buy running stocks up and then tanking them or vice versa, almost at will. CHKP is a perfect example today. They ran that down and panicked people out and then ran it up a 1-1/2 just because they wanted to. Too many are also trading in the doldrums which usually is a bad idea. I think most should put some money in CD's before the next Fed Cut and trade for fun only. Did I say "fun"? LOL! Trends are not lasting long enough and most are just not nimble enough or have enough time or equipment to do proper trading here. Just my opinion. With that said, a multi-day rally may be coming soon (or not).

To: Dave Gore who wrote (356)	3/15/2001 2:03:49 PM
From: 2MAR$	Read Replies (1) \| Respond to of 589

Dave ORCL earnings and guidance are so deeply suspect ...you would be a buyer of the "rally" idea ahead of that report? ORCL is a major earnings play tonight , how can you ignore it ? Rally ? sure ,after ORCL blows away the street .<gg>

To: Dave Gore who wrote (356)	3/15/2001 2:21:14 PM
From: Jenna	Read Replies (2) \| Respond to of 589

Dave, they were safe haven plays except for WCOM which was my one foray today into an overnight hold and that turned out very well. SCHL, Dave is not exactly a dangerous play and CANI gapped up nicely and was a good 2 day hold, not great not like old times but good. FNM was okay, only I should have sold instead of still being long, but I figure this is my one play (maybe NTRS if the market recovers) for the FOMC meeting. And then WTSLA, these are not typical plays but they are the only ones I'll hold. I shorted LEH.. because the puts are so/so so I'm ahead in the short, and will more then likely hold LEH puts although probably cover the short into the close. Dave, no one said this would be easy, but I just can't let earnings plays go without trying.