Posts: 542
From:chicago il
Registered: Apr 2000

posted August 18, 2000 12:12 PM               

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you said you trade, hows your track record and do you have any PHAT picks you can share with us folks.
chris

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6 gauge in my tongue,
22 gauge in my ass...

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Posts: 1493
From:compton, california
Registered: Mar 2000

posted August 18, 2000 12:37 PM               

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yeah i still trade, but it has been hard since the goddamn state is making me work a real job too. I got stuck in Qcom at $80 per share. That son of a bitch hasnt been that high since i bought it. THat is just what happens when you cant watch it all day.
Anyway as far as hot tips the only one i can give is when the earnings reports come out on a company like intel, microsoft, any of the tech stock if the earnings report doesnt meet market expectations then alot of investers dump the stock which drives the share price down. It is called an over correction and the price always comes back up within the next few days. DONT TRY TO CATCH A FALLING KNIFE also applies. you have to know the company is a good one that will recover. That is half the battle.

Other than that watch marias report in the mornings around 8 on cnbc. She tells you the latest news, whats going up and whats going down. You cant beat that chick.

Also try to find out a stocks identifiable range. If the stock has a high beta(volitility rating)it will move around alot during trading hours. For example Qcom use to have a range of 140 to 160 per share. It would be 160 at the opening bell then go down to the 140s or 150s. As long as you know it is going back up then you can pick it up in the 140s and when it hits the 160s again just sell it off. You could do that 2 or 3 times a week. The ranges change often though so you really have to watch the market. Most of the tech stocks have a range that you can pick out after watching them for a couple months.

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Posts: 553
From:tx usa
Registered: May 2000

posted August 18, 2000 05:29 PM               

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Damn, thats good info moe, easily understandable, now if I only had the money to begin!!

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