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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: R Stevens who wrote (116)	5/24/1998 9:36:00 PM
From: flashy	Read Replies (1) \| Respond to of 1729

All good points Stevens. I have been using the following method for picking a few candidates to possibly ride up or down. I strongly agree that earnings are the key fundamental to watch. Therefore, I use www.datek.com to help me "begin" my selection. Once you are in Datek, go under investor resources, and then NASDAQ stock market. Every day, they post the surprise earnings - both positive and negative. You are able to drill down and see the specific companies that posted. You can also chart the data. (You'll just have to go in and explore.) My tactic vs. the one you described, is WAITING until the earnings are posted. From here, you can go many directions. 1) You can look to see who posted negative earnings and with the market being as flaky as it is, which ones got hit the hardest. Then go in and see if this companies earnings/fundamentals are actually OK. This could mean a pop back up in the next day or two. That is, if it is in a sector that is actually doing ok. 2) You can also look to see who posted positive earnings. Still looking to see how that sector is doing, I might go long since I am a quick trader. Well, as long as I am not buying in on a high. That's one tactic I have been taking lately. And I haven't done too bad.