Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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

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To: lee kramer who wrote (91850)	4/5/2000 4:53:00 PM
From: Andrew G.	Read Replies (1) of 120523

Bought RBAK at 120 3/4 near close. Perfect example of what I'm saying. Day traders closing positions after they made their gains for the day. Closed at 121 1/2 - 1 1/2 day H:L 116.5/139 RBAK will gap up tomorrow morning. Already at $124 on Island. What's the point of selling RBAK at $135 today ? What if it opens tomorrow at $130 and immediately runs to $140 ? What did you gain by selling at $135 for $13/sh profit when you had to pay to get out Wed afternoon and pay to get in Thursday morning ? RBAK is on it's way back to the $170 -190 range. It's a momo monster and you can trade all day long and second guess yourself because you never know which way it's going to run within those 6.5 hours. I say buy it here and let it play out over a few days and see where it goes. That's how I see the biotechs right now too.

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