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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: kendall harmon who wrote (25451)	2/22/1999 11:15:00 PM
From: Jenna	Respond to of 120523

AOL.. NN NN yes I picked that one up last week and mentioned I would hold probably through earnings.. I am up 18% in just that one. I agree the trick is to keep a database of your best researched picks from BEFORE,which in my case are only about 25-30 tickers and to stick with those stocks. I find that momentum players are usually satisfied with the odd fraction of a point because they are hopping all over the place scanning the market DURING MARKET HOURS without appropriate knowledge of historical price patterns and support/resistance. That is why they get 'frozen trigger fingers' and exit stocks that have just begun uptrends or chase stocks that already topping after trending for days.. I do my scanning AFTER MARKET HOURS and keep the market hours just for technical analysis of entries / exits of my '8-10 picks' from the watch lists and another 15 or so from the newsletter. I can usually get 35-40% activity from just this little list and a lot during the first 1/2 hour with spurts during the day from others. If the market climate is particularly bad then I go back 1 watch list and usually find something there. Never will I just scan thorugh hundreds of stocks looking for the one 'savior' company. Since I'm a full time trader I've been that route and it doesn't work. That is why you have hundreds of daytraders burning out. When you scan hundreds of tickers you will miss the 'big picture' and end up scalping one or another for 1/4 - 1/2 point which is okay if you are a daytrader and are satisfied with a lot of small gains and enormous commissions. The maximum gains comes from purely researched companies that you are 'comfortable' with and can hold up to a week and with luck even longer. A good strategist will hold their 'best' stocks through slight 1-2 point corrections an then grab the larger 15%+ from a 4 day or longer hold. I daytraded 1 stock today and held 11 all with varying degrees of gains up to 28% (CMCSK, ADLAC, NN,MCSC, etc). AOL is constantly in my database but there are many stocks that are 'popping' at any one time because they are chosen BEFOREHAND by a combination of techno-fundamental criteria. I would have gotten AOL but then I had 1/2 dozen other stocks from last week that I bought just because they were in beginning uptrends before their earnings report and a couple that were turnaround plays like NETG, DRIV, BYND, etc that are always sitting in the database.