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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: MENSO who wrote (2596)9/12/1997 11:37:00 AM
From: LastShadow   of 120523
 
Response: "Am I missing something?"

Yes, and it is something fundmamental. This stock may go to its 52 week high. It may even go well past it. But it won't do it in one swift climb. Profit taking occurs, leveling and correction occurs.

Because Lou or I chose to sell it doesn't mean its done climbing or now about to reverse. It means we are out of it because we see this leveling or minor reversal or better places to put our money or profit taking about to occur. It means that we got it, and will now get out. We might get back in later in the day - maybe never. And yes, we may miss a huge jump now and then.

The end of the fourth quarter is a long way off. "Daikin Securities predicts it may go to 8 or 11". Interesting...so if I put my money in this and leave it there for 14 weeks (one third of the year), it might double or triple. No thanks, I think I can do a little better with several other moves in that same time frame. Besides, even if it was a steady climb, that amounts to less than a $0.10 per day growth. CNTR will jump up and level and drop a little and jump again, and if we watch it, we can catch the jumps and short the drops and do something else with te money in between.

lastshadow
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