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Technology Stocks : OnSale Inc.

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To: FUZFO who wrote (1313)	7/21/1998 10:44:00 AM
From: Irene Lynn	Read Replies (2) of 4903

This market is unpredictable...and so are internet stocks as we will approach their lull period...what i do is go with momentum..i hate dead money..if you have a profit you can't lose..so that's good you did what you needed to do..also..you can play options and leverage..chances are in onsl's favor they should do well for earnings..but only buy an option when you have a pullback cuz the premiums can hurt you...i watch resistances and patterns..and i have done well...i don't believe any stock will go straight up..exceptions yhoo and amzn..<GG>..right now..i'm also watching for signs in the market to turn...the internals are not as strong as they should be for us being at a new high...and if the market turns..they all will go down..many predictions out there..one being jerry favor's that by july 24th..give one or 2 days..we should go down big..if not..and we continue to go on thru next week..then we should get to 9800..this is the jest of what he says..plus there are others out there..talking about the internals not being so strong...the one thing that is driving this market is liquidity..and that to me is dangerous...i try to open and close positions quickly..but in the case of two of my stocks that haven't enjoyed the ride and are approaching earnings..(onsl and itvu)...i am riding long till earnings..unless i see a change somewhere where i will take those profits...normally i have a core and a trading positioning for hedging...good luck on your trading..you can't go broke taking profits.. irene p.s...adding onto here cuz i just saw the price at 27 1/4..and volume heavy..so it appears we are seeing some short covering...this could bring it to 28-29 today...

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