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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Scrumpy who wrote (55147)8/9/1999 11:12:00 PM
From: TraderXx  Read Replies (1) of 120523
 
Scrumpy...your point is taken, but I feel in this environment, to go long in anything (for the short term)is suicide. Now as far as position trading ( ie. medium/longer term) you could prove to be right in SOME of the internets.(ie. backbone) I don't know....in this environment its easy to be influenced into thinking that a large number of stocks,not just internets, that have moved up in the past years are finally getting their due valuation. Only time will determine that thought.

On the otherhand, thats why I say, alot of times in the market when everybody was saying "the sky is falling", "these" times were the best times to start accumulating in good,potential growth stocks (internets included). But the bottom line is to follow the trend. THAT trend IMO is going down, so why not make some money on the way down as well?
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