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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: Charlotte who wrote (7958)4/18/1998 9:57:00 PM
From: LastShadow  Respond to of 120523
 
Position Trading Account: Buys

After looking at all the stocks in my database, I have decided to place buy orders for the following limits:

VVUS 500 shares at $9.00
TEAM 500 shares at $9.50
FONR 1000 shares at $2.50
BOST 2000 shares at $4.50

Technically BOST has not completed a reversal, but I feel the potential exists.

If all orders fill at Friday's close (which is less than the numbers above), there will be $1509 cash left in the account. Of the four above, FONR appears to be the more speculative of the group. If the limits are not filled at open due to price rises, I will enter market order after 10:30 am providing the trading volume and price is reasonable.

Entries are still valid for COTTF, and PNF, although I belive CPU and IPIC will either correct down or go horizontal for awhile.

Since the account has generated some profit, the number of shares purchased are rising. Thisis partly due to a dearth of stocks with strong upside potential in my database, and partly because it requires an increasingly larger position to leverage equivalent gains month to month. This assumes a little more risk, but the alternative of buying twice as many stocks makes loss protection difficult to manage.

Note: I still have a little research to do on the above picks, so any changes will be posted Sunday night. I got this much done as I realized anyone interested would need some time to do thir homework.

lastshadow