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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (7523)	4/13/1998 1:43:00 PM
From: tom pope	Read Replies (1) \| Respond to of 120523

Jenna, how do you play the stocks with wide bid/ask spreads, such as advs, currently spread 7/8? I've been watching it all day, but haven't seen a viable entry point. TIA

To: Jenna who wrote (7523)	4/13/1998 1:57:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

buys: PCLE 36 1/2.

To: Jenna who wrote (7523)	4/13/1998 2:55:00 PM
From: Dollar Bill	Read Replies (2) \| Respond to of 120523

The following results are from my picks of 4/04. A tough week to say the least. On Monday, due to the market volatility, most of the stocks that suffered a loss did so then, hitting their stop limits. Thus, after Monday's close and Tuesday's open, 13 of the symbols were limited out by hitting the stop. Overall, a net loss of 7 3/8 pts, considering the first days of the week, this is acceptable to me. Also it is interesting to note that after reviewing the activity the vast majority of the longs recovered to have actually posted a small gain (if stops had not be in place). However, being prudent -- stop limits are a most. Therefore I live with these results Using the following criteria of a 1 pt stop limit on the downside (or upside - if it was short) to minimize losses. In addition when a stock reached a 1 pt. gain, the stop limit was set at that value thus locking in that 1 pt profit. Thus, a number of the picks are greater than a 1 pt. profit in several cases, as I would take the "pop" after that, adjust up (or down if short) the stop limit. Stock symbol Buy at the mkt: gain (loss) Date: VALUE: TDW 43 5/8 (1 pt) 4/6 NBR 23 7/16 (11/16) 4/9 KEG 16 3/4 (3/4 pt) 4/6 NAUT 28 7/8 (1 pt) 4/6 TBI 19 15/16 (3/8) 4/9 RDC 25 3/8 (1 pt) 4/6 ADCT 25 3/8 (1 pt) 4/6 BJS 36 1/4 (1 pt) 4/6 PDE 25 1/4 (1 pt) 4/6 UNDERVALUE: WIX 5 5/8 3/16 4/9 VOX 6 9/16 7/16 4/9 ECILF did not hit buy price GDC 5 1/8 1/8 4/9 CRD/B 19 (3/4) 4/7 TA B.O.: TRBS 34 1/4 (1 pt) 4/6 POSITIVE B.O.: CAND 7 3/4 1/16 4/9 BVSN 21 (1 pt) 4/7 CMIC 21 5/8 1/4 4/9 BVF 43 1/2 (1 pt) 4/6 FFGI 17 (1 pt) 4/7 PCTY 33 1/4 1 pt 4/7 CENT did not hit buy price PRGS 29 1/2 2 pts 4/9 TA & VAL: AXE 19 even 4/9 ADCT did not hit buy price UICI did not hit buy price EATS 6 3/16 (7/16) 4/9 AD 27 1/2 1/8 4/9 XETA 23 (1 pt) 4/8 CHB did not hit buy price SHORTS PMRY 23 1/2 3/8 4/9 LVCI 10 5/16 4/9 FINL 23 1/4 (1 pt) 4/9 CHML 39 3/4 1 pt 4/7 FBN did not hit buy price HDI 32 1/2 1 pt 4/7 RSC 14 13/16 1 1/2 pt 4/9 VAL did not hit buy price TOTALS: 29 SYMBOLS BOUGHT Point Gains: 2 7/8 gains; 10 1/4 loss NET: (7 3/8) 13/32 = 41% of the picks were even or better!