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: Jerry Olson who wrote (93507)	4/15/2000 5:21:00 PM
From: Long John	Read Replies (3) of 120523

I was contemplating what OJ said so well: now hang tough...gather some cash..sell those dogs with fleas, because wishing and hoping them back up ain't gonna get it folks... take the capital..and start fresh..trading 100 share lots at a time..using stops..a must... The mere mortals among us (me included) still are long some stocks that have been crushed this week. For instance I read plenty of posts about EMLX. I think this is a great company, I really want to own it, but not right now. My best idea is to face reality, sell it to raise some cash, and wait for some good stocks to turn around. Maybe I'll buy EMLX back in 31 days (to avoid wash sale). I do not think there is much chance of losing buying opportunities by waiting a month, especially for stocks like EMLX, RIMM, TERN that crashed after earnings were announced. A bad response to earnings takes many weeks or even months to recover from. So I will raise some cash and be ready for the correction to end. At least I had only a small percentage of available capital in my short term plays, due to being cautious and because I listened to the warnings I read on this thread. But I still feel foolish for holding too long. Thanks to everyone for the great comments this weekend, and praise to Jenna for helping us thrive. We are all lucky people. John

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