Ask DrBob Message Board - Msg: 14313701

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Strategies & Market Trends : Ask DrBob

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To: gongoman who wrote (2838)	9/1/2000 3:16:45 AM
From: Drbob512	of 100058

gongoman: Seems like risk-reward ratio is better if you have a longer term outlook and use incremental buying, and choosing stocks that are not at stratospheric heights, such as CMGI and other major net companies that are nearer their May lows than their year highs. But the momo stocks will continue to get the attention and moneys if this market can rally a few more days, or longer, which can only happen if volume holds up at higher levels such as 1.7B. I would only touch a momo stock on an intraday or one day pullback and then I wouldn't stay in too long and would have a stop loss order in if I am wrong. Staying in some cash and missing this "bus" won't kill you, but chasing stocks at short term peaks will hurt. There will always be pullbacks...

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