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

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To: Jenna who wrote (56265)8/18/1999 4:30:00 AM
From: nokomis  Read Replies (1) of 120523
 
I'm guilty of buying GSPN before determining where it was in it's "run" - sometimes during the trading day I trade only on momentum and if someone - anyone - mentions it, I'll play it for a point or two and then move on to something else - with this one, I took my eyes off it and whammo, down 4 points...at this point, I do the work I should have done in the first place and then decide either to dump or move to intermediate hold...(what I did with ICGE when it dropped from 36 to 26 only to go on to 42 in a few days)...with GSPN, it's a hold because I believe it's a winner..again, just bad timing.
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