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: gladman who wrote (40285)	5/15/1999 2:22:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

Possible trading strategies if more fears and indecision continue, and/or there is a sigh of relief by Tuesday. I bought the June puts in case there is a lengthy problem but for the calls I'll have May because then I wouldn't need them longer than a few days. I felt that SCH, AMTD and EGRP were some of the ones that would correct the most and SCH was the easiest to pick up. If fears calm down and the rates are not raised the sigh of relief could add 20+ points PVN and COF and triple the calls and about 10 to CMB. But then the stocks will return to their normal daily ranges and there would be no sense in getting June calls. Another leg of the strategy is borne by the fact that AMAT and LCOS and COMS were strong, indicating that AMAT, HWP's earnings report will lead their sectors back into strength. That's why I held on to the option position. GNET also held on, but the most amazing stock to me today was still and always VRSN, which was no longer as oversold as the others and had no reason to rise to the day high into positive territory unless there is something going on and big blocks are coming into that stock daily. As for future trading strategies, I feel I'm on the right track. cautious and hit 'n run style. Not a daytrader because they trade 20 times a day and I don't but very short 1-2 day swing trades and daytrading the hi flyers especially their options. Anything can happen. One of the handful of strongest stocks in the market today was PBY, our Market Gems Earnings play, which I indicated on my calendar had a very good quarter last quarter and a big jump from same quarter of last year after scores of previous bad quarters and I said it was 'waking up'. But because of the pandemonion this morning I neglected it. MSGI, UNFY, KLB, were some other earnings plays that held on to strength throughout the day. So that part of my trading strategy, trading the earnings plays and holding onto the strongest of them will still be my strategy. Only I won't be holding 'intermediate' term that word is misleading. I'll be holding for another 20-25% possibly a few times a quarter. Since I have been in and out of HLIT and GALT after 25-50% gains in only weeks and can't really call 'weeks' intermediate holds. Probably position trades would be a more appropriate description.