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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: HandsOn who wrote (13545)	8/28/1998 5:09:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Important.. You must use patience and exercise due diligence in these markets. You must also be flexible. I'm getting questions about going long now because the market looks to have bottomed. I was asked about certains stocks this morning and I recommended waiting. Consequently ALL these particular stocks tanked further today. I will continue to post in a timely manner and not AFTER THE FACT when stocks look like they are coming into range. Today it was difficult as I saw the writing on the wall and managed to get the internets very quickly. But I did put JDEC and CXIPY onthe watch list for today and called REXI. You should all be in puts by now and that should have sheltered you from losses. For timely updates I will have the bulletin board, the chat room as well as Silicon Investor for this purpose. I think it is now just the right time to institute the chat room because when this market debacle is over, we will get back to the task at hand. Our task is making money going long and holding our 'earnings plays' and 'watch list' stocks as long as we need to for maximum profit. The time is approaching when earnings for third quarter will be released. I'm expecting to go both long and short at this time as there will be the expected pre-earnings warnings.. There will also be the stocks like JDEC, QCOM, QLGC, TOL and others that are good earners and will continue to surprise and make profits for us. Do not be precipitious as to enter any long positions, especially before a weekend and before things are clearer. I am noticing lots of you were anxious to get into stocks today and I'm wondering what is the hurry? To go long at the open is not the best way to trade or even invest. Only buy orders at the open I put in are still for puts. I will still be buying puts when their expensive premiums are reduced during another 'dead cat bounce rally'.. A real rally will come sometime in the future but don't be 'taken in' by desires to buy at dips.. The market is now just like a falling dagger and you don't want to catch those knives. The newletter will be ready as usual by Sunday. There will be very special stocks in that newsletter somewhat like the scans I gave you last week.. I've tested the results from those scans and have come up with the 'best of show' as a good deal of stocks from particular scans have made gains. There will also be a list of stocks that I think have more downside left and suggest still holding onto puts.