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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 (20801)	12/30/1998 2:25:00 AM
From: Jenna	Read Replies (2) \| Respond to of 120523

Important Message to thread: Okay I read Scott's post and it DOES make sense.. and he is correct but then so is boogey.. What is happening here is incredible and I don't think we are turning into a 'daytrading thread' (even if only temporarily).. In truth I have turned away from daytrading in favor of short term trading so it's ironic that we seem to be drifting back these last few days. Think about this, it is not the thread that is changing its focus, but rather its the "Fast Forward" momentum of the stocks themselves that are making us react in a 'fast motion'... For example when I got into NDB this morning, I did NOT expect it to be up ultimately by 125%.. I don't think the BIKR fans expected such a big gain, nor the TMAN or SNKI fans. What happens is that these stock make us change our targets. If our target for a 12 dollar stock is 18.. then we 'hold' it through vacillations until it reaches 18.. But what happens if it reaches not 18 but 24 or 26 IN ONE DAY? and what happens when Lizard or Dave or Teri find another stock that increases 100% in one day.. Should be 'abstain' because we are not "DAYTRADERS"? I've read some threads today and what I saw was a preponderant desire to emulateour stock successes... The proverbial "gee, I wish I had known before and not after the run up"..The same feedback was in the private and general e-mail. Traders, things will settle down and we will always go back to good picks that are worth a longer term hold.. There will always be the occasional 'great daytrade' and we will make it if we can or just 'abstain' if we feel we can't get in on time, but we will not forget the 'solid, conservative' trader who likes a hold.. Another point and perhaps the most Important is: PLEASE separate the thread from the Market Gems Stock Selection Service. When we made the TOP 10 (Part II) of Barron's Websites for Investors'.. it was not as a "traders" site but ironically as an investors site where Market Gems was ranked. In fact I had to inform Barrons' to please include us as a contender for the "short term trader rankings" that come up in February. I would never let the 'service' turn into a daytraders's delight but I really can't "control" the thread in the same manner, unless I "buy" Silicon back from GNET for 40 million... and 'erase' the posts myself. So forgive the digression into stocks that increase 50% or more a day, [I can't believe I'm "apologizing" for them :-)]that will probably lesson when the January effect ends, and if it doesn't stop and the stocks continue to advance, we will intersperse the thread with them, but also have other solid picks like LE, SFSK, etc. And lastly the earnings plays are not directly connected with this phenomenom of daily 100% increases. These increases are usually in stocks witht he magic words "E-commerce Initiative" We will be happy with a 5-10% gain per trade. (although NDB was an 'earnings plays' that I watched and tracked until after the report, it was not viable before since it was down 2 3/8 so I just watched it on my own)