NICE. RILEY, i was long vifl yesterday under 9 and didn't sell on closing at 11 1/2. sold at 10 1/2 today. i like briefing.com.
here is another article from them:
MAKING MONEY: What does it take to make money in this market: the ability to be nimble and to know when the ride is coming to an end. Over the last several months, tech investors have been beaten up, tossed about and fleeced by precipitous drops in the drillers, networkers, semiconductor equipment makers, and driver makers. It's enough to make one want to purchase a CD and call it a year. And, while certain of our pages promote a buy-and-hold investment strategy, readers should also be aware that pages such as In Play and Story Stocks take a more aggressive approach to tackling the current market environment. If you have been reading these two pages frequently over the past month, you will notice that we have been less apt to recommend going long stocks. This has especially been the case on the In Play page, where our leaning has been toward shorting stocks. If you consider yourself a player in the market and have not yet started to identify short-sell candidates, then you are greatly limiting your chances at outperformance. Now back to the issue of knowing when the ride has come to an end. Simply put: one can't be greedy in this market. Set a reasonable price target and get out when the stock hits it. Eight to ten percent in a matter of days is not an unreasonable goal given the volatility of not only tech stocks, but Blue Chips as well. Identify oversold stocks, and be ready to pounce on strong days. If the trade doesn't work out, be prepared to cut your losses and move on. |
