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


To: Jenna who wrote (143)5/23/2001 5:13:16 PM
From: Jenna  Respond to of 1227
 
HOTT tanking in after hours, we held this position through the late session yesterday and folded the entire position with a sell this morning. HOTT is now selling off. The position was picked up on 5/10 after the 10:00 breakout (31.55 sold at 36.26 no need to hold through earnings) Its not always so easy though we picked up AEOS on Tuesday thinking we had time for the report and promptly lost Tuesday's profit on Wednesday, but that only reinforces the fact that it is indeed a risk of holding through earnings. We did much better, infinitely better, with WTSLA, closing that swing trade on Tuesday.



To: Jenna who wrote (143)5/23/2001 5:57:35 PM
From: Jenna  Read Replies (1) | Respond to of 1227
 
This thread is not for scalping.. We leave the scalping for others. We are into long term day trading (holding a position for at least 30 minutes and as much as the entire session i.e. the shorts on CCMP, QLGC, CMVT, HGSI etc) or SWING TRADING companies in STRONG SECTORS. For the upcoming earnings season we will focus on the companies that manage to avoid pre-earnings warnings but those that do warn ARE FAIR GAME TO SHORT. We short techs that get ahead of themselves but we are NOT shorters to the death. We don't believe anyone has the INSIDE SCOOP on any company and we are very willing to accept reversals and cover shorts or close longs.

We expect some big juicy bubbles to burst with the pre earnings season in June-July stocks, waiting to get picked off. marketgems.com

We particularly remember the March 2000 fall as well.. we were very active posting during that time and have saved all the posts relevant to the fall in January 2000 and September 2001.