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: greenehugh who wrote (116468)	11/9/2000 9:44:39 PM
From: Jenna	Read Replies (2) of 120523

I am not against it. I am not a 'professional shorter' or someone who relishes the complete technology crash. I just happen to follow the trend and the trend is still down until it can be proven otherwise. I just wouldn't be holding anything 'waiting for Santa to fill our stockings'... What I see now are a number of stocks trading lower in extended hours. I know that seems like no big deal, but picture the market down 200 points tomorrow by 10:00. What do you do? Hold through 5, 10 point losses? Panic and sell? Isn't it better to just wait... capitalize on any sentiment and THEN go long. And what sectors are we talking about. All sectors ARE NOT created equal. I happen to be a proponent of the health care, insurance, drug sector so I would not be averse to holding a while, but TECHNOLOGY? Calling a bottom? This has got to be the 10th bottom I have seen called in the last few weeks. So you miss a couple of points if we are wrong, what is wrong with getting a little ABOVE the so-called bottom after a 3-4% rise than getting in and having it tank another 10-15% in one day, not selling and then taking out an additional 5-10%? Investor's Business Daily says a trend is not a trend until it proves itself for WEEKS.. so one day and everything is fixed. There are too many fissures to patch them up in one day.

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