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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 (61805)9/17/1999 2:24:00 PM
From: Jenna  Read Replies (1) of 120523
 
RHAT if you are noticing is NOT performing well in a very up market. I'm wondering how it will far on Monday when some profit taking kicks in or even today at 3:00. Shorting is very profitable, even though I rarely get in at top and more rarely do I exit at the bottom I still manage a good 5 pointer here and there. I just find it unbelievable that this stock should be priced over 100. If I had the guts I'd put in long term short till the stock gets back to 60 or 70, but I know I won't stay with it(especially not with 1,000 shares, but then I think that's 40k to made going short) Seems that traders develop certain personality types and I just see a 3-5% loss and just naturally pull the trigger to close the trade. My worst 'short mistake' was just a few short weeks ago when I covered a NTOP short for 1 9/16 profit and it was down over 20 points afterwards, but that darned 15 minute rally 2 weeks ago killed it. I feel there is so much potential in shorting a handful of these 'overblown stocks'.. but I'm not at all sure that during the new earnings season is the right time.
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