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.

Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (3368)	3/2/2002 10:08:28 PM
From: Mark Konrad	Read Replies (2) \| Respond to of 16631

MK's BONEHEAD 30With the promotional wizardry of my new best friend, James Cramer (who will be featured in my upcoming novel and movie "Barfly of the Banalities"), the following 30 stocks will soon replace the DOW 30 on CNBC and offer significantly higher percentage gains if the current tech rebound continues: ACLS ADIC AFCI AHAA AOL BEAS CHKP CREE CSCO ELON EMC EMKR EXTR FLEX HLIT JDSU JNPR NTAP NUAN PMCS PSFT QCOM RFMD SANM SEBL SPWX SUNW TLAB VRTS VTSS and MK's Bonus Bonehead #31 is...PLCM Most of the above stocks are likely to retrace some of Friday's gains on Monday and that would be a good time to initiate or add long positions. I wouldn't risk more than a 5% loss from any purchase price and would maintain a 5% trailing sell stop to protect profits. I expect at least half of the above to appreciate 10-30% or more within 10 trading days or less. These are "position" trades, NOT daytrades. I would take partial profits, up to half, on any position that appreciates more than 10% in one day or more than 25% in any time period. I would let the balance ride until the trailing stop is hit and then wait for the next opportunity. Aggressive traders and daytraders will do as they please from moment to moment but this plan is geared for the conservative trader/investor. "But I don't want to buy 30 or 31 stocks right now," you say. Fine, pick 20 or 10 or even 5 but pick them from across sectors so as to maintain some diversification. Don't pick just one or two and then blame me for choosing losers! "Why is MK doing this?" you ask. Good question. I'm bored...my wife is visiting relatives this weekend and it happens to coincide with what I believe is a tech rebound from Thursday's lows. Also, I've done this in the past on other threads and it seems to have helped stir people up...get them thinking...get everyone looking a little harder for opportunities...and always generates interesting responses..."hey, you didn't mention Blowhard Technologies and I think it's great," and so on. So have fun, look them over, post a response to my picks or post your own picks. PM me if you must but it helps everyone far more if it's in a public forum. Thanks to Dave for maintaining one of the better threads on SI! Notable exceptions to the above 31 stocks: NXTL...dragged down by other wireless issues, the daily chart looked weak and toppy as it failed to hold gains on Friday. Currently on watchlist for re-entry at lower levels or on renewed strength. JNIC...a conservative favorite of mine but it's a channel surfer. Buy at 7 or below, sell in high 7's until it can take out and hold 8. I'm currently long from under 7. FNSR...daily chart hasn't confirmed an uptrend yet and any continued weakness could send it down to Sept lows. I'm long but would likely exit near 6 where I recently purchased shares. Pennies with chart potential: CRIO, LPTH, SITE, AETH, DITC, RBAK, SONS, XYBR. All high-risk lottery tickets at current prices. All of the above is my opinion only and is based solely upon my own chart analysis using public information. I am not a professional nor would I suggest anyone buy or sell anything without doing their own due diligence. I may have positions in some or all the stocks listed above and may buy or sell them at any time. I do not personally know James Cramer. Very Best Regards To All, Mark Konrad