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

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To: Jenna who wrote (96762)5/9/2000 10:31:00 AM
From: Jenna  Read Replies (2) of 120523
 
INTC -11% RIMM -46% SIRI -4.5% .. Finnerty's portfolio tracker. He's very uncomfortable with his losses. I had RIMM also but not for a loss and not for more than a swing trade. I had SIRI for one day twice, but didn't hold. Of course 'it will come back' They "always" come back :-) .. I don't remember anyone saying to get into the energy sector at that time. Energy stocks have done well and tech stocks have collapsed. Still no bottom in sight with support being tested. Why did this group upgrade price targets at the highs of the Nasdaq? Why didn't they call a 'profit selling'.. Think about it. How long does it take to sell and put your portfolio into cash in lieu of a safety hedge. Whose jobs will be at risk when activity is low but when funds invested are high? It was like placing a bandage across the St. Andreas Fault and expecting it to help.

I have never seen a more uncomfortable group than the portfolio managers that are appearing on CNBC, CNN and Bloomberg television in the last few weeks. They are very defensive, more than ever before. "Well the market has virtually crashed during that time frame, that's why my stocks are down.... and so on...

I record the names, funds, and even the upgrades from April third. Its the best kept secret maybe something like 'honor among thieves' but these analysts buried their clients in a financial abyss.

I try to hold, but I'll be d_ _ned if I take a 25-150% loss while waiting around.
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