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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: Scott who wrote (18031)	11/3/1998 11:39:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Watch List for November 4 is now on the website. Please pay special attention as each one is selected for a very good reason. Also included there are two more earnings plays that are trending nicely. Since today's list did so well, there is no reason to watch more than Wednesday's list tomorrow and keep Tuesday's handy but even that is not necessary as I've repeated the ones that are trending up. The newsletters as usual should be available. WFMI already had a nice pop today, and of course ANIC had its report.

To: Scott who wrote (18031)	11/4/1998 12:07:00 AM
From: Jenna	Respond to of 120523

Stop Losses: A separate subject that needs a lot of study to fine-tune trading more and more. I set mostly mental stops 75% of the time and 25% of the time tighter stops. The stops are set according to the charts. usually if the weekly charts are overbought and I'm in I'd run if the 5 or 15 minute charts showed a change. On the other hand if the weekly chart is in a strong uptrend, I'd be more lenient and tighten the stop but not exit. I was much more lenient with my stops with TOM while I held for 7 days then I would be with NEON.. Although NEON was only a mental stop it was strict. Now if you are just holding a stock that is in a market trading sideways or in trading range, I'm usually out pretty quickly. There is no reason to wait when the signs are apparent.. Also earnings plays are different from ordinary plays.. In an earning play you are already in a "TRENDING market" that means that you are following an uptrend and I would not set tight stops or exit too quickly. For example if I'm in a stock like XIRC, or STRX price is breaking out, I would set a protective stops but try to ride the trend as long as I could. time to get in my puts). Also the indicators, especially the oscillators (williams %R, stochastics etc) will let you know if the trend is reversing. - Are you more lenient with stops when they are busted because of the overall market, rather than the particular stock's performance? That's a very good question.. I had to deal with it today when I wanted to hold both STRX and SRCL, knowing they would eventually buck the trend but not willing to lose more than 1 point or 3% while waiting. It also depends on how bad the overall market is.. I did not regard today's market as 'overly negative' so I placed just mental stops.. That is also the main reason I like to sell in 1-3 days at most during a play like that, and as close to earnings as possible. TOM was a winner and easy... TKLC was harder and I was stopped out twice in that one. If I could get this part of the trading right, I would not leave so much profit on the table. It's usually better to do that however than lose the profit you already have.