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Strategies & Market Trends : The Amateur Traders Corner
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To: Tom Hua who wrote (19060)5/21/2002 8:15:38 PM
From: Paul A  Read Replies (1) of 19633
 
Cool- you made me feel a bit better with that post Tom : )

I was holding some INVN for some time now, and was debating whether to take profits or not.. but a run from 18 to 23 in 1-2 days was enough to make me take it off the table.. The media is buzzing left and right about terrori attacks again and I just dont see anything that has changed since we were yapping about it for the last few months.. Hopefully nothing will happen, the stock will drift lower and Ill just find another entry to hold it for a few months and keep churning those 20% returns : )

Thats the wonderful thing about the defense stocks.. Buy them and keep adding as they fall out of favor/people turn complacent, and its almost the closest you can come to a sure thing.. The money will pour into this sector for years to come and now its just a question of ridiculous valuations, pullbacks, momo, up and down.. wonderful trading vehicles!

Alot of great calls made by the folks over on the AT site this week... and I think I jumped on every single frickn one of them.. so on that note, I went 100% all cash at the close and will probably just be lurking for the rest of the week.. Once again IM having issues with the management where I work and their lack of desire to actually be more than just fixtures on the wall receiving paychecks and its time to consider why IM wasting my time there..

shit- I have been quitting this job for 3 years now.. : )
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