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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Lane Hall-Witt who wrote (44855)6/16/1999 6:10:00 PM
From: Jenna  Read Replies (2) of 120523
 
You are not the only one making mistakes, but my feeling is if you don't take the plunge you can't get anything. But I can tell you Lane, that I'd rather have traded like you during the past 6 weeks and left money on the table then lost the kind of money I know people have lost when they didn't get out of the market in time. Some on this thread were lucky especially with AOL and NITE, but others had to get out of AOL, NITE, NTBK, GNET, CMGI etc. with big losses as they had to answer margin calls and otherwise didn't enjoy watching 40 to 50% losses and they succumbed and sold. I did not get out because I was particularly astute or timed the market brilliantly, I got out because I nearly lost a fortune on NTBK and with a lot of darned luck I was given a second chance (Monday, one day before the famous Tuesday sell off or what is better known now as the beginning of the end) and I wasted no time and sold even to the last 'of my remnants'.

Had a second bout with the nets just a few weeks later TBFC (about the 11 of May) when after an excellent earnings report and a 20 point after hours run up the stock was actually down 10 points the next day. I managed to get back the losses and make some gains in a few lucky days (one just recently). but the 'thrill' of the internets had lost its lustre for me as I have never in 4 years seen a stock that was up 20 in after hours trading actually be down 10 the next morning.. NEVER.
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