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

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To: MrBuzz who wrote (98167)5/18/2000 5:50:00 AM
From: Jenna  Read Replies (2) of 120523
 
CSCO too close to call. Its still consolidating with more bias to the downside. I think there will be bigger casualities than CSCO on Thursday/Friday. ADI might move up tomorrow, but I'm out so I don't really care. I'm looking to short some more blimps or just wait for some rebound intraday. I almost never hold for less than a few hours, except those trades that get stopped out and one or two that are just not looking that good (about 25% of the trades lately). I'd rather give the trade a little leeway than get caught in a fakeout.

I find that by letting the one or two really strong/large range longs and shorts run their course for about half a day to 3 days I get more bang for the buck. Even then I could usually hold my long another day and short as well (i.e. NVDA long, TRRA short)
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