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: Andrew G. who wrote (91924)	4/6/2000 10:56:00 AM
From: Jenna	Read Replies (2) of 120523

Andrew take a hike.. did you get burned too badly lately with your biotechs.. Did you come to disrupt? I am happily in a new tech portfolio (PHTN, TLGD, FLSH,FLEX, ELNT) more than half what I had before without the losses but all the gains. Plenty of biotechs were still ripe for the picking like ABSC and NPIX (a tech stock I was wanting) was a steal this morning from March 29 watch list. Only I did not buy it at 40, I got it at 25. You're attempt to keep out traders and keep the biotechs up forever will not succeed. THERE WILL BE PROFIT TAKING. And by the way they weren't 10% profits they were 18-40% so keep your math straight. What will damage (your word destory shows a deep fear, I have no fear) the market will be pouring too much money into the biotech sector until it spikes up and crashes again. I might have missed part of the rise today but I'm short CEGE, YHOO and GLGC since I missed the highs today. All the same I'm long SANG, ABSC. The market did not drop because swing traders took out their nifty 20-200% profits, it dropped because investors panicked and sold in boatloads.

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