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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 (93495)4/15/2000 8:51:00 AM
From: Doug Robinson  Read Replies (2) of 120523
 
It's interesting, with all the hype about how it's not a good idea to be an investor and how one should only be a trader, that no one mentions that anyone that bought into most of these former high flying techs and internets prior to November, is still up.

I'm an investor/trader. I sure wish I'd unloaded most of my buys from last year during March. I didn't. I sold some throughout March and have continued to sell more this month. Yesterday morning I sold all that I'm going to sell. In the worst case situation my profit is 30% on yesterday's sales.

Am I upset that I only got 30% of these (at 20% capital gains) you bet I am. Wish I'd sold them two weeks ago. Wish the market hadn't tanked. Got a lot of wishes but reality is what we see right now.

A lot of stocks look extremely attractive right now. Will they look better at lower prices Monday. Probably, and they might even look better in the coming weeks or months. I don't know when the buyers will come back in but when they do I'll get my triggers and I'll be buying the good ones. Sure, I'll be trading shares but I'll be holding lot's of them for the long term appreciation that they will provide.

This sell off will provide great opportunities. Thanks to the severity of it, one won't have to catch the absolute bottom. They can wait and make sure that the uptrend has began and still make a boatload of money.
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