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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 (91896)4/6/2000 9:44:00 AM
From: Andrew G.  Read Replies (3) of 120523
 
Not just RBAK, Lee. Everything gapped up ! Jenna, take profit now ?

Had some time to consider Jenna's points last night and they are quite valid.

Kant's categorical imperative would effectively destroy the market if everyone
adopted the approach of taking 10% profits of the table everytime that percentage
was reached, but thanks to buy-n-hold, 'greed', 'halos', whatever, the stocks remain
bouyant even beyond 10% increases. It is only in this environment of confidence
in economy and stock market that short term traders even have the opportunity
to nab these short term gains and run for cover.
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