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

To: DDV who wrote (295)	5/29/2001 1:17:45 PM
From: Jenna	Read Replies (2) \| Respond to of 1227

I love ENER.. however I was long in 4 alt energ stocks that I closed ENER that spinning top on Friday was a little worrisome, PLUG and IMCO.. I closed both IMCO and PLUG missing today's upside on IMCO, but although IMCO is having its earnings report tonight. As far as I'm concerned FCEL is still a short until proven otherwise. The run up was exciting but this is the second short (or put) in FCEL this month and both were after considerable upside.

To: DDV who wrote (295)	5/30/2001 10:55:02 PM
From: Jenna	Respond to of 1227

Is the Swing Trade Trend on hold? Earnings LZB, PHSY, TECD --->Separating the "creme" from the "sludge" The upside in the last 2 months were much like the upside we had in the bull market in the blimp era. There was good money to be made on the upside and some of our favorites like DIGL, QLGC, MANU etc. were good movers. Now we are back to the beginning when p/e and earnings matter once again. Not only the Nasdaq but a stream of DOW companies are reporting shortfalls. LZB an unlikely candidate for earnings warning, but it did have one. It looks like the next 6 weeks won't be as easy and there will be likely shorts as well as some long plays that "survive" Again what we mentioned last week "Survival of the Fittest" At this point after holding SWING TRADES for much of April and May, I closed by last 4 swings today and will be in "hit 'n run" mode in the technology sector and only very selective and circumspect in the other strong sectors. I'm looking at the gaming sector (especially after that strong move in WMS and some others, select pharmaceuticals, leaders in e-commerce, leaders in education sector..oil and energy should recover (i.e. TSO, FTO, EOG etc, and less expectations in technology) The only swing longs will be in sectors and companies that make the grade, and there won't be that many. Like the hurricane season I mentioned earlier, we are in the tropical storm period, and we are likely to see some sunshine peering through but I'm back in cash at this time and although I never held more than 9 positions in the best of times, it doesn't look like more than 1 or 2 swing trades will be on the horizon for the rest of this week and maybe next week as well. What we need to do is amend the strategy again to large range intraday trading (not necessarily scalping) and 'milking' both weakness and strength, and not counting on taking home long positions in technology just yet. We tread carefully because after the earnings warnings season comes the TYPICAL and FAMILIAR sigh of relief in July when earnings are 'not quite as bad as expected' for other companies and recovery.