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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: Jeff Jordan who wrote (13706)	9/1/1998 12:39:00 AM
From: Jenna	Read Replies (2) \| Respond to of 120523

Watch List versus Risk Management While sitting and trying to figure what's best for tomorrow I decided the problem is not what to buy but what direction the market will take tomorrow. If it turns up beyond a small rally, every one of you has their favorites and mine are no better than yours. Some of mine are now DELL, AAPL, BSC, RMBS, BKB,TRV LU, and possibly MSPG...or ELNK. Tomorrow's dilemma is not whether we buy AFCI, LU, RMBS, or REXI but the challenge that lies in managing your risk throughout the day. If you measure downside/upside risk for tomorrow and possibly the short term, the downside is higher than the upside. Some traders I know loaded up on the 'beaten down' stocks near the close hoping not to miss out on the potential rebound rally. With luck they will get out with an early morning profit. I for one after some luck today, some close calls decided it is more important to conserve the cash and not to risk losing gains I made this last week. My plan for tomorrow is still to buy more puts through any rally. If.. and only if..I'm convinced I can do an intraday trade it will be a stock that has huge volume, big intraday range, and preferrably a large cap. I'm leaning toward the large cap technology sector and/or the banks. But it would only be up to 10 calls for a possible daytrade.