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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: Prince who wrote (12578)8/6/1998 1:22:00 AM
From: Jenna  Read Replies (1) | Respond to of 120523
 
TLAB - looks like a LU or a CSCO but with more upside potential..
TLAB looks like a great trading stock possibly tomorrow and/or in the next days/weeks. Chart is still good with MACD bulish, Relative strength bullish and volume indicators bullish. I hope it doesn't go below support at 66 7/8. Stochastics are oversold.

Now when I read the chart these days there are no rules, no real support or resistance lines. We are all just playing at reading the 5 minute charts. What I've seen today brought back my old days of daytrading, pulling the trigger many times in one day and not really have too much time to study any trends.. There were no trends. I got into stocks that were 'special' like BVSN, TAGS, TMPW, WND, LU. Stocks that had 'earnings' close or good stories like BVSN. With them I had an easier time of it. They played like in a parallel universe to the rest of the market because they were up when the rest of the market was down. That's the best way I can play this market. Not so much with TA, but rather with fundamentally strong stocks that 'prove' themselves with an earnings report, great contract or profitable alliance.

When I went and played the 'options' games with DELL, AOL I was different. I became a scalper, a consummate daytrader.