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


To: ED_L who wrote (866)6/10/2001 10:44:48 PM
From: Jenna  Respond to of 1227
 
TOKYO, June 11 (Reuters) - Tokyo stocks were little changed by midday on Monday, with falls in high-tech issues countered by strength in defensive issues and natural resources, which have less exposure to turbulent U.S. high-tech stocks.

The benchmark Nikkei stock average ended the morning 27.96 points or 0.21 percent weaker at 13,402.26 after hitting a low of 13,363.94 earlier.

A weaker revenue forecast from network equipment maker Juniper Networks (NasdaqNM:JNPR - news) fanned concerns over earnings at U.S. peers, putting a damper on Japan's top chip maker Toshiba Corp , which lost 2.48 percent to 668 yen.

Advantest Corp , the nation's number one maker of semiconductor testing devices, lost 3.87 percent to 12,420.

The broader, capital-weighted TOPIX index (^TOPX - news) was 0.82 points or 0.06 percent easier at 1,317.27.



To: ED_L who wrote (866)6/10/2001 10:47:32 PM
From: Jenna  Read Replies (1) | Respond to of 1227
 
ROIL some in our trading room picked up ROIL, I am following CAM. Our choice for upside is still the pharmaceutical, e-commerce and maybe the energy sector for a safe haven against the wounded and sick tech stocks. marketgems.com in case the oil service/energy sector decides to turn around. Many of our plays are SWING TRADES but the large cap tech stocks are SOLELY daytrades, save for a few companies (RFMD, ANAD, AMTL) which are an attempt to TRY to hold small positions for possible long term hold (3 to 9 months) in the volatile and overbought tech sector. Cash is still KING.

For our swing trades, once the target price is reached, we look to hold until the next price target is reached, usually the holds are 2 to 6 days.