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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: electra who wrote (37725)5/3/1999 12:58:00 AM
From: SMALL FRY  Read Replies (1) | Respond to of 120523
 
electra,

Sorry it took me forever to answer this. I have no system to speak of... I stumble on to the stocks when I'm doing DD. I'm not a fundamental investor... I'm a trader by heart. I don't go for the throat when I trade... I take 4 points here, 6 points there and rearely do I ride any stock to the top and I don't ride them down either.

My intermediate IRA account is comprised of an assortment of beaten down stocks hoping for turnarounds, promising stocks hoping for events, smaller stocks with big ties, and stocks with promising products hoping for market discovery or buyout. They're not all winners... I throw away almost half of them every 2 months. The good thing is when they hit I'm already in the catbird seat. So far it has worked for me. BTW I only keep stocks in the 5 - 40 price range in my IT IRA... they get higher than that I start getting nervous and so they become ST trade fodders. Exceptions were EGRP, NITE, MLTX, WEBT and VRIO... I had DBCC in that IRA account when it was at 7 and sold it at 40 before the MKTW IPO (hoping to do same with NAVR), and never revisited it again; I had EGRP at 23 with call options at 25 when it ran up and sold at 54 (a mistake since it soared to 75 the next few days) and I also had flops like WAVO... <g>

I'm not a stock picker... I rely on Jenna's great picks. The speculatives are all mine...

Regards,
SF