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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: Jerry Olson who wrote (8823)	4/30/1998 9:26:00 PM
From: LastShadow	Read Replies (3) \| Respond to of 120523

Position Trading Account: If today had been down or flat for TEAM I was going to post an exit for it tomorrow at open. Other than that, I only have mental stops set. All of the stocks in this collection are already depressed price-wise, so exiting in a correcting market is rather pointless. These stocks are picked to provide some safety in a correcting market, and have great potential when the market resumes moving up. So far for the month of April, it lost ground by a couple of hundred net. If the market tanks, though, the stocks in this group won't lose much and will recover quickly - at least to the pre-correction amount. Its not a method for compulsive traders, but it is a fairly safe way to learn to trade and manage an account. I think I just let it alone for now. lastshadow

To: Jerry Olson who wrote (8823)	4/30/1998 9:27:00 PM
From: LastShadow	Read Replies (3) \| Respond to of 120523

Watch List 5/1: SYMBOL CLOSE CHANGE CHANGE % ADVH 14.250 0.125 0.88% ANDW 22.875 0.375 1.67% BOST 4.281 0.281 7.03% FEET 22.000 0.375 1.73% FORE 22.875 1.250 5.78% FTPS 3.094 0.125 4.21% MTIC 15.937 0.687 4.51% PWAV 18.875 0.187 1.00% Long/Bullish List: SYMBOL CLOSE CHANGE CHANGE % AKLM 7.625 0.687 9.91% CPU 18.562 0.750 4.21% CUBE 24.187 0.187 0.78% EGRP 24.937 0.812 3.37% INTU 53.187 0.687 1.31% NOVL 10.000 0.219 2.24% PNF 5.000 0.062 1.27% RAYS 9.562 0.187 2.00% RMBS 44.937 1.937 4.51% S 59.312 1.500 2.59% SBUX 48.125 1.625 3.49% SFA 23.875 0.187 0.79% I don't like what I'm seeing in the trading action. As I went through the charts tonight, there were a few gapping stocks that never beat their recent highs. the thought 'exhaustion gap' kept creeping up. I expect the market to be up tomorrow, but right now I am pretty bearish on Monday. There were a lot of up stocks today, but nothing really interesting. The stocks aren't making progress. Most are correcting horizontally. The highs aren't significant, and the ones that drop are not that severe. There was an almost unnatural balance in the numbers tonight. The net isn't telling me anything, but maybe I am just looking for something that isn't there. A horizontal correction is a good thing, at least its better than a tanking. lastshadow