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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: LastShadow who wrote (10180)	6/11/1998 3:24:00 PM
From: Jenna	Respond to of 120523

Entering a Trade in a Down/Choppy Market: Don't trade stocks unless the trend is well-established. I don't usually trade for the first 30 minutes, These are the exceptions: a) It is an earnings play and the date is close and you've already checked the fundamentals/technicals of the company. It's in an uptrend that has abated for 1-2 periods (i.e. COST) I usually trade about the same 150-200 stocks over and over again, season after season. Get familiar with leading stocks in leading sectors. b) Price/volume indicators are clearly trending up as in the case of MSPG on Monday. I'm pretty familiar with their price trends (i.e. I would buy AEOS,COST,BKE,MSPG,SEEK GPS,DH before the 30 minute time limit but NOT a relatively new or unfamiliar stock like SPLN, OWN,TLXN, ADSI) c) There was an upgrade or important news item before the open and the price hasn't gapped up more than 1 point at the open. Of course you should be familiar the average daily range of the stock you don't want to get into a stock with an average daily range of .25 if it's up 1 point. Then I like to get on the stock quickly. This is not, however, without risk but the rewards are good. d) The stock appears on my 'permanent watch list' On this list are the stocks that have beaten the street this quarter and have trended strongly. They are either coming back after a needed 'rest' or broke some new resistance levels. (FRX, MDT, RAD,WAG, etc.) Today for example ABTE goes into my permanent watch list. e) and finally, if the stock appears on my general watch list I'm more apt to buy it because I've done my 'homework' beforehand and the companies came up after stringent scans. OF course, when in doubt, STAY OUT!

To: LastShadow who wrote (10180)	6/11/1998 4:31:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

I want to take this time to thank you posters to this thread for calling some very good stocks today in a timely manner in the morning when we were able to get on them (FRTE,MWDS,CKR,BBBY,THQI,JAKK,COST,AEOS,SEEK) Seeing the market down this much yet watching THQI, SEEK,AEOS etc.. closing strong shows we're all on the right track. Technology stocks lots of them hitting new lows because of concerns with Asia and you will find no leadership there. Traders limiting themselves to tech sector are missing good opportunities in other sectors. It might mean staying on the sidelines tomorrow but if you are into cash you can soon take advantage of 'bargains' at least for day/short term trades. I'll keep abreast of news, upgrades, earnings surprises, etc, but laying low might be the only recourse.