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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: jdx who wrote (14969)9/17/1998 12:14:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
In OEWIT at 3 1/2. ODP,ATHM, QCOM,CPU, AMAT,SEEK, looking good for more upside before getting in. ASND near high of the day. closed my S&P puts also at 8. still holding CCI, MWD, and MSFT however hanging on to nice losses. I think these have more downside.



To: jdx who wrote (14969)9/17/1998 12:54:00 PM
From: Jenna  Read Replies (2) | Respond to of 120523
 
Rally fakeout? If you learn anything from today it's not be complacent in this market for more than a few hours or at most a day. Making from 5% or more profit a day and getting out is healthy for this time period. Of course there will be days now where we can make 10-15% or more a day on a good rally, but if you don't sell, the 15% could turn into -20% the next day. If you are unsure stay in cash until the trend is more clearly established and then come in for the feast. Otherwise you'll spend the days of the rally just waiting until your holdings rebound to where they were originally while everyone else is cashing in. Remember when in doubt stay out!..

My puts are trading at their highs of the day.. I took a chance on some calls but if they decline, I'll be out without looking back. I'm out of IMNX with a grand total of 1/8.. I won't wait to get burned.