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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (119)	5/21/2001 6:51:20 PM
From: Jenna	Respond to of 1227

The COMPX chart is fine, looking like just a strong "company" chart would look that has signs of being overbought but not tremendously so. Stochastics are overbought but its still trading above the rising 20 and 50 day moving averages which is what we call a "bullish buy Zone" and when our stocks are in this zone we usually hold on until they change direction more obviously (i.e. not little intraday or even one day blips, we ignore those) We are not shorting, not even the strength and keeping over a dozen swing trades which are turning into short term trades and if things continue as they have, they will stay in the portfolio for weeks to come. I'm very satisfied with today's action. QLGC and TLGD were the first buys (after QLGC's upgrade, you couldn't tear me away!) RETK is now a favorite and when we hear a company with an upside preannouncement in pre-market we pounce on it almost immediately. Only ILA today stumped me, with an earnings upside preannouncement followed by 2 upgrades, it barely moved, but I equate that with perhaps those holding this one finally sold the news.