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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: Jenna who wrote (11718)7/20/1998 11:10:00 AM
From: neil98  Read Replies (1) | Respond to of 120523
 
DSTM-looking for input
Does anybody have any input on this stock. I am thinking now may be a good time to buy. Any help is appreciated.



To: Jenna who wrote (11718)7/20/1998 11:34:00 AM
From: Jay Lyons  Respond to of 120523
 
Wanted to share an observation with the thread.

DELL is one of my "regular" trading stocks, I watch it everyday and I've become pretty familiar with how it moves, which is why I posted here when it broke it's high of 98 1/4 on 7/9.

Since then, the stock as traded in a very regular pattern...gap at open with a sell off either immediatly or within 10-15 minutes, then an end to the sell off with the previous close taken out by the day's end.

Buying when the sell off reverses and then selling at the market the next morning has been very profitable. The only day this didn't work was last Friday, when there was no sell off and I reentered higher than my morning sell. Watching the bid can be a gut clencher, but on those days that I let myself get shaken out, I ended up buying higher, so now I'm riding them out.

Needless to say, this pattern could dissapear by the time I post this, but it's certainly worth keeping an eye on, at least through earnings.

Jay