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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: Linda L who wrote (40150)	5/14/1999 11:35:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

When I saw the morning, I saw the writing on the wall.. I I've been through these downturns before. I knew the only things to do was get into 'heavy' financial puts, and 2) watch for opportunities in earnings plays especially the ones that were surging before this. MSGI and LCOS were surging on anticipation and AMAT and HWP, the same. First I watched ATHM, the only net up and the one I had puts in (my luck) but since it was up from 6 1/4 to 9 yesterday near the close, it had gone down only about 2 points from the historical close.. I sold and lost about 2 points of the gain and barely getting 1/2 point there, but the AMZN puts made up for it giving 5 points. My next step was to look if there were any survivors in this.. I noticed GILTF up but I was afraid of that one.. then I heard on CNBC that SWS was going to open lower so I thought I'd watch that one. It did indeed open lower so I waited and saw it was filling the gap down pretty quickly so I jumped in (I didn't really want to daytrade it it was up to 69 but I did'n't sell when it began to reverse again, I did sell getting a small profit). Last night I mentioned that I was going to get into MSGI today and I was glad it had pulled back so much. I noticed its strength right away and knowing how earnings anticipation supercedes even a very down market, I waited a while longer saw the uptrend was picking up and jumped in. COF and PVN were such winners for me when the rates were lowered so I knew they would be winners in the reverse if the rates were raised or even just a strong expectation that they would be raised. COF and PVN always have strong reactions one way or another. The one thought that was running through my head the whole time was: How I wanted to pick up INKT puts yesterday instead of ATHM but the volume and movement was sluggish. But I did sell off yesterday and gave my opinions on selling off stocks like SWS after a good profit. I held SWS over 6 trading sessions and it was enough for me yesterday. I sold earnings plays ever evening and sometimes rebought them (DISH twice and GMST 3 times ) rather than risk holding overnight. I entered VRSN 3 times rather than hold too long. I was conservative to the point of being a 'bore'.