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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 (14368)	9/10/1998 12:16:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

e-mail. ORCL, TALK, WFMI, RON, OEX oct 450 puts, sept 490 trying so hard in a dismal market climate. Still not a buy, market is just too volatile to hold anything overnight. Unless there is a clear turn, I'll be just daytrading today.. Only holding 1/2 position of September puts and 1/2 of October puts, perhaps CCI. TALK.. this was on the Market Gems watch list. It's one of the downbeaten stocks this month and should rebound even more WFMI.. another on the watch list and from the special scans of downbeaten fundamentally sound stocks. It's pretty impressive they could be up in such a down market. I'd watch this for further bounces. When the market turns, these should continue up. RON.. I was watching some of the oils since about 9:35 and I noticed that at 9:38 a large block of 16,500 went through on RON on CDG a 6,800 block went through and for EVI it was 22,900 block.. I entered RON at 26 7/8 out at 29 15/16 and CDG at 19 3/8 out at 20 3/4 and EVI at 17 7/8 out at 20 3/8.. I'm not holding anything overnight except puts. OEX october 450 puts.. been adding Oct puts since August 19.. still have 1/2 position of Sept.

To: Jenna who wrote (14368)	9/10/1998 12:34:00 PM
From: tom pope	Read Replies (2) \| Respond to of 120523

What do you make of NN's relatively strong price action in the face of the carnage elsewhere? A bit late to be finally reacting to the good earnings 2-3 weeks ago. I don't follow the company enough to know whether there has been unusual option activity.

To: Jenna who wrote (14368)	9/10/1998 12:41:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

e-mail.. Sitting on the sidelines? Why? I almost never sit on the sidelines. There is always something to go long or short on. I was waiting for both CCI and MER today and chose CCI as the better 'value' for downside. I got into OEX puts at nearly 16 but now they are trading at 17 3/4 and 18 1/2 and I got out of 1/2 position at 18 1/2. There is no reason to be stymied by the premium if you research your stock and know it is very overvalued (as in the case of YHOO, CCI, DELL this morning).. This is my second good trade with CCI puts. In the Market Gems Watch list I noted following the futures in the morning and listening to CNBC.. You get a definite feel for what sectors are going to show weakness by 9:00 to 9:15 a.m. or sooner. You have you 'sector leaders' in your head and set up the trades before the open. I line them up so all I have to do is click on the 'buy' button and it's almost done. Sometimes I don't click on anything. I make it a habit of watching the internets and oil service sectors by 9:15 am for unusual volume and pre-open trading. I check the time and sales of my 'leaders' to note if any big blocks are coming through... Waiting on the sidelines during down days is a waste of profit potential. Even if you make a bad trade or uneventful trade, just get out and do another. Don't wait for bad trades to rebound, they won't.