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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Leland Charon who wrote (48840)	7/29/1998 6:04:00 PM
From: Mark Z	Respond to of 58727

Yes, although I'm told its actually Jenna's not LS's. My results have been very good. Although I don't actually trade all the stocks I monitor, my monitoring shows in the range of 75-90% winners. "Winner" assumes you get in 1/8 to 1/4 beyond the gap point and at least clear your commissions (assume $50 round trip) + any spread. My actual trades have been running 85% profitable, albeit sometimes thats a $50 profit (after commissions), sometimes a few hundred dollars. I generally trade $10-30k per trade depending on share price. I limit myself to 500 shares max and 200 shares min. Exit strategy is 'fuzzy'. I watch %k/%d on the stock and the general spx/dji/composite. I also monitor the stock's volume and time and sales to try to get a feel for momentum. I also leave much 'on the table' i.e. if its a good profit, I just get out. When the trade goes against me, I'll eat anywhere from 1/2 to a full point loss or sometimes just wait. Especially if I'm long and I don't mind owning the stock. Exit strategy needs work so if you've any suggestions, I'm all ears!! Candidates are stocks I'm comfortable with, generally techs like MSFT, CSCO, DELL, GTW, PSFT, VSIO. I also follow some internets like LCOS, CMGI, CNWK and other 'stuff' like SCH. I've been investing for 20 years so if a stock I somewhat know comes 'in play', I'll monitor it as well. The stock needs to be fairly high volume (min: 3/4 million shares) and moving for one reason or another. As an example, SCH was dead for a few months but recently came back into play. Same with RMBS which shows signs of petering out again. I've thought about just doing the Dow 30 but just haven't yet. One technical detail...I do my 'cutoff' at 7:30 (1 hour into market...I'm on the west coast) rather than 7:45 as the strategy dictates. That's because I just missed that detail and started that way and it seems to work a tad better.