ATHM..I still don't hold more than an 2 option positions on the nets (ELNK,YHOO) both more than double baggers (1 double bagger in YHOO on Wednesday and another today) 2 more: one in DISH and one in SEPR and VRIO 400 shares. My only long companies that I hold for swing trading are still SONE,MACR, INTU, HLIT, CACS, GALT, ENTU, GMST, ADRX, DISH and from that group (stocks that earn which is my criteria). Its my personal antidote to ward off major losses and this strategy has held up through the correction. Only reason I held VRIO was because it was barely down on Thursday. I have very tight 3% stops on my stocks lately, sometimes its too tight as in BMET but mostly it protects me against losses.
YHOO, ELNK, MSPG, AOL seem to be the focus stocks in the sector and I no longer hold onto one 'idea' but tend to gravitate to the most popular.. Loyalty is okay among friends, loved ones, but around stocks could be a killer.
INTU since earnings:
DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
6/04/1999 88 3/16 83 3/4 88 1/2 83 5/8 652,400
6/03/1999 83 3/4 85 13/16 86 82 1/2 692,900
6/02/1999 85 15/16 79 86 76 7/8 820,800
6/01/1999 78 15/16 81 1/4 81 1/4 78 3/4 845,900
5/28/1999 81 3/8 83 83 1/2 81 849,200
5/27/1999 82 9/16 77 1/4 84 3/4 75 11/16 1,138,600
5/26/1999 76 15/16 79 11/16 79 3/4 73 1/2 2,360,600
5/25/1999 77 9/16 76 3/16 79 1/8 72 7/8 1,012,400
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