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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: upndn who wrote (16558)10/9/1998 12:04:00 AM
From: Jenna  Respond to of 120523
 
CHSE was a trade about 3 quarters ago. It came up on some of my scans today, but so did some others with identical criteria. I chose to drop that one. It's not that I really feel the financials have been kicked down to real valuations, and could provide possible day/swing trades it more neanderthal than that. That is where 'the food is' so that is where I hunt. I have been following MER lately, I've had it once recently on my watch list. I watched it today more out of curiousity of the sort "How low can this go" and why would a first class brokerage have this on their recommended list while it tanked more and more. then today I saw a few buy triggers which I first ignored.

I came back to it seriously about 2:47 meanwhile have gone short COF this morning and noticing how COF was coming back strongly about the same time MER was breakout our of intraday trading range. I check the time & sales together with 5 minute charts and saw the picture unravel of serious money going into both COF and MER. By this time CSCO was breaking out joined by DELL. And my low-priced stocks were show increased volume and price and they too were breaking. By then there was more to buy but I had to chose what seemed would be easy to pick up within 3-7 seconds, the time it takes to make a trade.

We'll see what happens tomorrow, I'll put ch in my database.