Market Gems-Trading Strong Earnings Growth and Momentum Message Board

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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Oak Tree who wrote (4781)	2/15/2001 9:39:31 PM
From: Jenna	Read Replies (2) of 6445

Sold them during the reprieve. They were among 8 or 9 I selected last night and LSCC even before the open, and they were not meant to be sold, but neither did I figure they would be up that much. I like these three but I don't enjoy having gains wiped out the next day because the 'market climate' is in flux. And lets face it, FNSR and LSCC are not among the most stable tech stocks. I'd rather leave profits on the table than risk a morning surprise. You can wake up and hear that a company you are not even holding, announces an earnings problem which causes a chain reaction among all the techs. Earnings warnings are not isolated to the one stock or even the sector giving the warning, its like an epidemic. I try to stick long with those that have already reported while shorting the 'problem stocks'. FNSR is so battered it won't take much to topple it. Thankfully, as you saw with AMAT yesterday and CIEN today, the reverse happens as well. It sometimes doesn't take more than one single earnings report that can reverse everyone's fortunes, if only for one day.

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