Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: advocatedevil who wrote (59098)	1/18/2002 5:47:21 PM
From: StanX Long	Read Replies (2) \| Respond to of 70976

4Q earnings: So far, so good January 18, 2002: 5:14 p.m. ET Corporate results are beating lowered expectations, pointing to recovery. money.cnn.com NEW YORK (CNN/Money) - The first week of the season for reporting fourth-quarter earnings ended Friday, bringing better news than most analysts expected. The results pointed to a future end of a prolonged, recession-fueled slump in profit growth. As of midday Friday, 113 companies in the Standard & Poor's 500 index, about 23 percent of the total index, had reported fourth-quarter profits or losses. Of that group, 70 beat Wall Street analysts' expectations, 32 of them met forecasts, and just 11 reported disappointing results. Unfortunately, however, analysts' forecasts for fourth-quarter results had been greatly reduced before the earnings season started, and reported results are 21.6 percent lower than they were a year ago, which is about where earnings tracker First Call expects them to stay through the rest of the season.

To: advocatedevil who wrote (59098)	1/18/2002 6:06:16 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

ST trading: FWIW, my trade is about the same size as yours, 3000 shares. It will be interesting to see how my medium-term long trading strategy compares to yours. My plan is to buy at 40, and sell at 50, playing only on the long side. Simple, and requires very little time following the stocks. I've already placed the limit sell order, now I just wait. I think my temperment is better suited to a strategy where I spend 95% of my time watching and waiting.

To: advocatedevil who wrote (59098)	1/18/2002 8:06:49 PM
From: Robert O	Read Replies (1) \| Respond to of 70976

ot st trding AD kudos on the turnaround from a dark start. I triggered a day trade call (not real cash but locked me out for 90 days) so just set up another account and started fresh <gg>. You know what I am finding out so far? It might just be easier and better to use a 'regular' online broker like Schwab or Ameritrade then try to deal direct with ECNs like Schwab's bastard offshoot cybertrader.com to name just one. You need to 'work' the hel* out of the trade and there are all these pro vultures who know a lot more about the way the ECN game works than me. So I let their 'intelligent' software get me the best bid. yea right. I spend more time watching prices FLY by (no great use there) than just getting a feel for market and let my broker's software get a decent fill and set a limit orders to bail underneath. Bottom line is I will give this a little more time but very first trade a 3k share buy on amat DOESN'T fill fully!! I get 1/2 the position and am told later it hardly ever happens but an ECN caused software not to fill. Are you kidding me?? Quick story. Went 3k shares short 4 days agoNVDA and couldn't watch it due to work that day ...goes up 10%! I'm sitting on 8k+ loss. like you I sweated it out and twice was saved by big after hours CC letdowns that brought back each day's runnup back to earth. Twice I could have gotten out flat but didn't. Incredible I know. Bottom line is I get out today with little over 2k cash hit. Had I stayed to end of day it's over 4k even with naz dumping. Happiest out I ever got given very first day was -8k and could have been 12k with a modest gap up. Moral is do not ever let discipline waiver, maybe the simpler tools are better. All I ever wanted in life was a real time chart of prices and the market. I have it now but will step lightly in deciding if it's really any better than my piddly old online broker can do. Still have 96% of principal. Not dead yet and back to (succesful) basics. Thx again for posting I may even be learning something. RO