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Technology Stocks : NetSolve, Incorporated (NTSL)
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To: Mohan Marette who wrote (45)9/30/1999 1:21:00 PM
From: Sultan  Read Replies (1) of 92
 
True enough and I do that quite regularly :o(

But what is your definition of a crappy stock. Let's say you buy ITXC @ 30, it moves up to $40, you sell then it goes higher but two days later it is back where you started. Longer term, who knows what is it worth but shorter term, you executed a perfect day trade.

Now NTSL obviously is not behaving the same way since it opened a lot higher then most people expected and has given up almost 50% from the high. No way of knowing how it will move and again longer term who knows what it is worth... Now at around 17 1/2 if it is hanging tough or should I say stalled and it could go either way but chances are it will go back to 20s atleast if the market behaves...

So how do you differentiate the two ? By the way, this is a serious question since I don't trade all that much and I am always amazed at people who pull it off, very profitably.

Appreciate your thinking on this...
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