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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: Leland Charon who wrote (12354)	7/30/1998 6:40:00 PM
From: Thomas Sterner	Respond to of 120523

Watch List 7/31 Add: CCMC 22 13/32 SEEK 26 11/16 IPEC 10 3/8 NMGC 17 1/8 NSCP 31 1/4 PMRY 25 RATL 16 11/16 Still Bullish: CBUK 29 9/16 MU 31 3/16 TEAM 9 3/16 Tom

To: Leland Charon who wrote (12354)	7/30/1998 10:18:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

My morning drama with NSOL, AOL and LU...No gap theory for me this morning. I bought both options AT MARKET price after about 15 minutes trading began, I didn't care that they were both up by then. Actually I assumed I'd be holding the options for a swing trade 1-3 days. Something that I do that works for me, but would not necessarily work for someone else: When I do my own research it is usually very thorough and in the case for LU and AOL.. as the subscribers know... were both 'earnings plays'. LU was a successful play at and around earnings buthad a few bad days as did AOL...both charts looked poised for a trend reversal. I asked around the AOL thread and some of my trader friends and most had 'no opinion' on AOL. I reserved my own opinion. LU was easy.. I read up on it last night, saw some new contracts, looked at the charts and I immediately added it to my watch list as I posted around midnight. AOL and NSOL.. were both on my mind this morning, because of the earnings coming up. I figured either the internets would be down a lot or up a lot today, but not in between. When the futures were trading higher and the anticipation was for a strong open I figured maybe I could get at least a morning bounce on the sector. I jumped on AOL in the first quarter hour because I saw the immediate morning gain.. that's also why I chose the 115 options and not the 110 or 100. Not so correctly I judged NSOL.. first it was up 1 point or so but the spread was again large so I waited..I guess it was good I waited, I only wish I had waited much longer. By the time I was able to get in it was actually down from the morning highs but I got in nonetheless. That might not have been the best move, but most of the time when I move that quickly I do well. I spent the first 15-20 minutes with LU, and AOL then parried around with NSOL. Before too long I noticed NSOL was dropping.. and dropping quickly. One of our posters, asked why the drop and I checked and discovered that NSOL had reported and the report looked pretty darned good to me!! I decided to hold since it was now trading around 33 1/2 and because it was a stock and NOT an option, I hated to be 'stopped out' when I know how quickly the internet stocks recover. I also knew this could be reversed in a day or so. I did however put in a 'mental stop' so as not to go below 35 after it recovered somewhat. If I had been more nimble I would have averaged down, but I didn't. That is when I got an e-mail from someone who said they bought in at 34 1/2. Because of all this I missed the play on WAXS and CDG.... I still have some shares of NSOL and I think it might recover tomorrow, if it doesn't I'm perfectly ready and unemotional and I will take the loss and get ready for the next trade.