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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 (13229)8/20/1998 10:26:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
Market Gems Watch List now on the website: marketgems.com. We have added the bulletin board button once again. For a while the bulletin board will be free for everyone. We are going to be upgrading it into a sort of combination bulletin board/real-time trading forum. This will take a little while yet. marketgems.com Save this shortcut on your desktop if you wish.



To: Jenna who wrote (13229)8/20/1998 10:51:00 PM
From: Jenna  Respond to of 120523
 
CPQ and GTW..

CPQ.. still has bullish MACD and relative strength. The up/down volume indicators show it is still under accumulation. Price is still under support of 36 1/2..

GTW had a complete breakdown today. It was down 4 1/16 and closed at the low of the day. This is a bearish sign. Relative strength is slightly bullish but this stock is weaker than CPQ. Price of GTW is also under support of 59 1/4..

I would not have held either of them through today but would have sold into strength. Selling too soon does leave profits on the table but at least they are still profits, holding too long can turn profits into casualties. Stocks like CPQ and GTW have enough intraday volume and trading range to make for good daytrades and swing trades. Holding either one of these for a short term trade can be hazardous. Puts on GTW would have been good but it tanked too quickly to really get on board.

Try to get into at least 50% cash at the end of each trading day. The market is too volatile to stay in for long. A long term portfolio is fine as I'm confident in the long run the market will recoup losses and make more gains. But in the day to day market today's winner will ofttimes become tomorrow's loser.