Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Rose K who wrote (29170)	3/24/1999 10:45:00 AM
From: Burjis S.	Read Replies (2) \| Respond to of 120523

Rose I'll defer this one to Jenna

To: Rose K who wrote (29170)	3/24/1999 12:22:00 PM
From: Jenna	Respond to of 120523

Rose..yes let me add here. If you go the site called #daytraders on mIRC you will see trades go by at the rate of a 3-4 a minute for the entire trading day. That drove me nuts for nearly a year as a lurked and decided there must be a better way. When you are 'lurking' for a while you will note that 'no' we do not usually call exits for most part, at least not 'formally' simply because we are not to be 'modelled' after your usual stock selection site. We are a 'stock selection RESEARCH site' and as such provide picks for the conservative hold (i.e. the earning plays) the momentum trades (i.e. MMPT, VERT,EPAY) that are quick like the 'nets but its the trade itself that forces us to be quick. Biding my time this morning on EPAY would not have gotten me into the stock.. but then I did mention EPAY and VERT yesterday more than once and only EPAY and MMPT were doubled up on the watch list. I almost never double up (i.e. the same stock twice in under 3-5 days) As a research site we put a whole lot more into the picks themselves than virtually any stock pick site anywhere and that's what you are shelling out the 'big bucks' for. Actually the intraday updates are a new service that is mostly for guidance and in 'good faith' and should not be compared to bona fide real time trading rooms (costing anywhere from $150 to $550 a month). You will notice however that interspersed with some of the hi flyers we have our stocks like NDC, LEN, SDLI, PAYX, MWD and others that are longer term holds and is not as 'frenzied' as perhaps the nets. Also a lot of our stocks are repeaters (over 50%) and then you will get used to seeing their symbols over and over both on this thread on SI and in the watch lists (i.e. EPAY, NXLK, MMCN, NITE, etc). ESPI was sold because the market climate was starting to get ugly and it was a decision based solely on that fact. GSTX is a good stock as well but most of these stocks are really for a 5% profit per trade and anything beyond this is a matter for your own risk tolerance level. So look at each stock mentioned as a potential 'trade' and then deduce when you have reached your target of 5% or more. Although we are not a daytrading forum, we are a swing trading / position trading forum but we do expect you (the collective 'you') to set your own 'stop losses' and alerts. And finally VOLATILITY..and LARGE INTRADAY PRICE RANGES that is a double sided coin and perhaps herein lies your problem (again the collective 'your') traders need volatility AND large intraday price ranges for the high profit (sometimes up to 25% and more on a trade) without which we stagnate. It is this volatiltily though that can be a double edged sword (i.e. when is volatility over and when should we exit a trade).. I have mentioned 75% of the time when I exit the 'bigger' trades. We seem to have one or two trading coups every day and then some smaller less spectacular trades. It is these smaller ones that sometimes just wane when the 'action' is over. I hope this helped a bit.