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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (8463)	7/16/1998 1:07:00 AM
From: TechTrader42	Read Replies (1) \| Respond to of 12039

Yes, I have been looking into some stronger stocks to invest in for a long-term investment for me to sell when I'm about 20 or so. You can do shorter-term trades in strong stocks and make money. Percentage gains, even if they're not 100 percent gains -- or even 50 percent gains -- add up. As for SEG, it's not one I'm looking at right now, and I can't really make a recommendation on it, one way or the other. That's something you have to decide, based on your own research. That's the important thing: Make your own decisions on stocks, based on your own analysis. Don't base your decisions on SI or Yahoo chatter, but on your analysis. Also, as with anything else, go with what you know. You no doubt know a lot about computers, and you might think Seagate makes good disk drives. But why's the stock so far down from its 52-week high? Is the price climbing back up? Where's the price in relation to where it was six months ago, a month ago, a week ago? Why were earnings per share down for the past few quarters? Why's the annual earnings growth rate down so much? Has the stock bottomed out, and will it rally back to its former high? Or is it just ranging over the intermediate term now? If you do buy it, how long do you plan to hold it? Are you looking for a short-term gain, since the trend seems to be up in the short term? These are a few questions you could ask. You don't have to look into all -- or even any -- of them. But you've got to come up with your own questions, and your own answers. If you do decide to buy SEG, don't fall in love with it. Be prepared to get out of it the moment it doesn't meet your expectations. Set stops -- either mentally or with actual stop orders. And set a target for selling, too. And don't listen to what the hypesters say on SI. You're going to make money, Daniel, and you're going to make it by listening to yourself, by forming your own opinions, making your own decisions. Brooke P.S. Don't always look for the bargain stocks, the cheap ones or the beaten down ones. As Richard frequently says, "The strong get stronger and the weak get weaker." Hook up with some powerful stocks. Look for stocks in strong uptrends that are rising to new highs.