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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: Susan G who wrote (27386)	3/15/1999 3:11:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

Susan, no the calendar is not at all in order of preference..totally random.. the watch list has a BIAS towards preferential.. but by really just a little.. since I usually can get 15 stocks off a list and whatever might move them the next day depends on the market climate, the sector the stock is in, etc... I can be totally bullish on an internet stock like WEBT then Monday the internet tanks so having WEBT in first place on the watch list has no real value.. But say Tuesday the 'nets come into favor once again, then yes, I'd say WEBT would be the more 'preferred' trade of that day based on the fact that it was high up and one of the 1 or 2 'nets I might have had on the watch list the previous day. For example I had NXTL on a previous watch list when it was 28 and the day it was on the list NXTL was down a few points, but the minute its sector was in favor, which was a day later NXTL embarked on a nice uptrend for a few days until NXTL is trading at 33. Same exact thing happened with JBL.. it was down the first day on the watch list then went on for a 8 point gain by Thursday. Another one was GBLX,GPSG and of course SLR and FIBR. I'm pretty sure this is cyclical.. Just because a stock is pre-breakout or even has alreadly broken out of resistance, it doesn't automatically follow that the road is straight upwards without any forks on the road. The 'breakout' can stall a day or so, but ultimately from past experience, rarely will these stocks 'drop' precipitously after breaking through significant resistance (unless like a RAD or SFSK, something new is revealed)..