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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: Bridge who wrote (25127)	2/15/1999 2:49:00 PM
From: Susan G	Read Replies (3) \| Respond to of 120523

Excellent question, Bridgette I trade the same way right now. It stinks to see the breakouts 15-20 minutes later!

To: Bridge who wrote (25127)	2/15/1999 8:39:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

Without real time quotes...First of all you can't keep these plays through earnings especially since you don't have tools the get out in case the earnings report is not what we expected. I would say if you just look at the the 'better ones' not necessarily the small caps you can look at them quite successfully at 15 minute intervals. What usually happens is that when they start to show 'anticipation' it doesn't fizzle out as quickly as your average stock. For example GTSG reports earnings tomorrow and the anticipatory upswing was fairly obvious throughout a pretty bad market climate on Friday. Had you gotten into GTSG you would have been fine to have delayed quotes. I would stay away from the hi flying internets unless you have a way to get out quickly. Getting in is easy, its getting out thats difficult. Also if you notice the article I printed last night, most of the earnings plays go on to 'bigger and better' things and if the company is not overbought there are a number of good choices for this week. I point out the ones that look overbought on the newsletter. Actually a good deal of the earnings plays are actually oversold this week. if you hold them for very short periods and perhaps even for say '3-5 points' you could get in with a profit and test the waters at the same time. I would also 'paper trade' these stocks and just mark potential profits and 'buy' and 'sells'.. It is important experience to paper trade and I do it myself frequently, especially for 'new' stocks with less discernible 'support and resistance' areas and even less possibility of tracking any historical price patterns that are significant. Also don't study too much get yourself a couple of indicators: a trend setting indicator like stochastics, MACD and a volume indicator for confirmation of the trend and for confirming 'investor sentiment', and the 'breakout of the channel'. and of course Bollinger Bands or any kind of trading bands. Look for 'early-breakouts'.. I like to get in sometimes before the actual breakout point. This can work for the earnings plays since they tend to continue on any uptrend. You're best gauge is probably the McClellan Oscillators, Money Flow Index, On Balance Volume to check "sentiment" and buying and selling patterns. ( I like a number of volume indicators at the same time), ROC, Williams %R. You also need to study trading the channels and learn to read 'bollinger bands' and/or price channels (75% of daily price fluctuations) You'll find that if you 'plot' 21 or even 10 day moving averages on a year chart and then a week chart you can get in for the short term and not the swing trade (1-3 days) and stay with strong stocks trading between the moving average and upper band you can't do to much damage to yourself. I would pick the ones that are strong and have pulled back rather than chance some of the smaller technology or medical instrument companies. The small ones give good quick gains but the emphasis is on 'quick'. A nice stock like AVID or SDLI can give you 4-5 points on a good trade and they usually have 'after gains' (as in aftershocks) meaning there is usually a few days of gains following a good earnings report.