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: Joe Hoek who wrote (42482)	5/28/1999 3:07:00 PM
From: garrick le	Respond to of 120523

Look at the market volume ... Lots of professional going away no today 's action does not mean much except small investors are on a buying spree,looking for bargain. But again,small investors have done better than institution anyway in timing the bottom the last few years. The good news is May is almost over,so there may be a relief rally. GL

To: Joe Hoek who wrote (42482)	5/28/1999 8:03:00 PM
From: Jenna	Respond to of 120523

For me personally it was the best of both worlds. I sold SCH and INKT puts in into 'strength' and although the gain was negligible to nil, I had expected to actually lose money off the trades. Than as luck would have it, DIR was up nicely and was able to start the morning with a nice gain. It was very intense hour and change because I had decided to pick up some others today (watch list + earnings plays) but by 11:00 I was much more in tuned to the direction of the market. I actually did expect more of a sell off near the end and I wanted to make the best of the day however. A day like today, if you play it correctly you can do extremely well even if you sell at the end. And that is true even if you miss SILK, which I did. I saw the direction of the market into the last 20 minutes and the particular stocks I was holding were gathering strength rather than losing strength so I decided to hold them. One in particular, SONE seemed to have more upside than downside so I decided it was a pretty decent choice. CMGI was really planned for Tuesday, but of course I didn't want to pay an extra 1 or 2 points on the option by getting it Tuesday. I tried not to pick up the 'one day wonders'.. but again NPNT is one of the ones I've been tracking, it was on the watch list before and after the close I saw the earnings report. Here again I saw no reason to sell. Stocks like SCNT, even PRGY I see as no more than 1-2 day holds. I'm also starting to see that you won't necessarily lose a fortune if you hold over 1 day. If you are ready in the morning and prepared by 9:30 to 9:45 you can usually escape most bad trades. My only foray into danger was the options in TBFC, but considering the small amount of money on the trade, here again I know TBFC will not go to zero on Monday and the most I could lose would be 30% of the option that cost 2.5k or $750 and I'm prepared for that. If however TBFC begins a small rebound, the option could conceivably double which will be $2,500 profit, so I would chance it. But I would never have, as I had in the past, bought 1,000 shares and taken it home. So obviously something has changed in our trust and perception of these companies and how vulnerable we are to heavy losses. I'm still getting mail from people who have actually put 'substantial savings' into stocks like NITE and SWS fully 2 weeks after I was already out. So if I'm more conservative lately its as a result of hearing some of these stories.