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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: AnnieO who wrote (30759)4/2/1999 2:04:00 PM
From: Jenna  Read Replies (3) | Respond to of 120523
 
thanks Kha, for your excellent report. Yes we are in a process of change and we will have the newsletter and calendar out by Saturday evening. Not to worry since there are not that many companies that are reporting and from those not many made the list. I had 3 of them on the watch list on Thursday and there was news on KWP, and I went long COGN and still think AKLM could do well. Perhaps I have another dozen or so. We are gearing up for the season which really doesn't kick in for another 2 weeks but it is important because AFTER the season we will be selecting our intermediate holds from the companies on our newsletters.



To: AnnieO who wrote (30759)4/2/1999 2:16:00 PM
From: Jenna  Respond to of 120523
 
ALLR ..http://www.marketgems.com/march23unsecured34.htm

An e-mail went something like: ALLR was on the watch list on 23rd.. "I got in on the 25th on a strong volume day and the stock went from 53 (my entry) to 71 by the 31st. But by the first it was back down to 58!... what happened?" My answer is simply that we are traders first and foremost and not investors. I personally did not enter ALLR even though it was #1 on the list but had I entered I certainly would have sold a good portion of it after it hit 71. A profit like that is nothing to sneeze at.

My strategy would have been to buy 700 to 1,000 shares and sell 500 to 800 shares on that high volume day of the 31st. These companies don't really have enough historical price patterns and financials to make them investments or even position trades just yet. ALLR no matterhow good it might look it is certainly no LU or INTU.


ALLR:
Date Open High Low Close Volume
03/23/99 52.125 52.125 49.500 50.500 97,700
03/24/99 51.000 51.500 50.000 51.500 63,200
03/25/99 51.750 56.000 51.750 56.000 115,500 <her buy signal>
03/26/99 54.500 55.125 54.000 54.750 16,100
03/29/99 54.375 59.125 54.250 57.000 129,100
03/30/99 54.500 56.750 54.250 54.250 43,000
03/31/99 55.750 71.250 52.000 67.875 295,000 <I would have sold here>
04/01/99 58.375 67.875 58.000 60.000 134,900