To: Jenna who wrote (23035 ) 1/26/1999 5:19:00 PM From: Jenna Read Replies (5) | Respond to of 120523
e-mail on MSPG, ELNK,ACTN and NTBK.. I've been getting mail about these 4 that surged today but I don't think just because they are up this much it means anymore than good timing. I've been asked if these 4 were buys and there is no easy answer to such a question. Except for ELNK which I closed last week I have been in the other two from a period of 3-7 days to 2 weeks. For example I think that MSPG is a great company but its upside is now limited because of its run up. Just because you see a stock is up 15 points it does NOT follow that the stock is a good trade necessarily. You have to check if the stock is OVERBOUGHT if more than one indicator is topping you have to be cautious, not sell but just watch it. But for those of you not inside the stock it is even more risky. You are getting in high and that is not very wise. Check to see when the upsurge began. I never buy a stock that I haven't tracked beforehand so I usually know what is the breakout price or at least an early-entry breakout (near the breakout but now quite broken out).. IF you just buy it because you want to get in on a 'mover' its a little more risky. For subscribers I've already done most of the work by choosing the stocks and posting them 1 week to 10 days before they report and mentioning when they look to be breaking out even on Silicon Investor. NTBK was the first word in today's watch list. I've been bullish on all those 4 and also GNET and VRSN for weeks so there was ample time to get in. But you have to have your alerts and your real time quotes to help you along. For me tracking 25 stocks is like tracking 2. I can easily track 50 or so have tracked more but find 25-35 to be best suited to my trading habits. My alerts are acute and I have them on two separate data bases with two programs. Now imagine 40 stocks that are well positioned for breakout and are before the earnings report and/or just technically in a pivotal position. You can even work with 10 a day (just the watch list), or (just the newsletter) but without instant execution, real time graphs for entry/exit points , alerts, databases with all the stocks, I am not sure how you would track them as successfully as they 'beg' to be tracked. You would do well but not get the 'optimal' advantage and profit. If you are a position/short term trader you don't need 5 minute charts, you need real time quotes but you can get away without the real time charts. And if you are an intermediate trader you could get the stocks before earnings and sell and re-buy after and for stocks that are not as volatile like TJX, SKYW, and KBH you can probably hold through earnings and be at minimum risk.