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Strategies & Market Trends : 50% Gains Investing

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To: jgideon who wrote (399)1/14/1998 11:51:00 AM
From: Dale BakerRead Replies (1) of 118717
 
Looks like BNGO may get to 5 sooner than I thought. Just goes to show I have had very few stop orders which I later regret. They have saved me for more than I have lost from MM's dropping prices to pluck them.

I haven't done much deep thinking about where the money will be made on the Web. YHOO and AMZN are fabulous; I use them all the time. Can they justify multi-billion dollar market caps? No way. Since I missed the runups I plan to do well shorting them at some point in 1998. I don't know why anybody uses AOL though I have never seen their proprietary content or chat groups. I can't imagine it's that much better than what you get elsewhere on the Web these days, and the technical foulups would drive me nuts.

More thoughts later if I get inspired. Just had dinner and the sofa beckons....

UPDATE: BNGO at 4 7/8. That was a MAJOR psychological support level. Could be good for a bounce once someone figures out what's going on.
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