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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Dave Gore who wrote (14854)9/16/1998 12:29:00 PM
From: Jenna  Read Replies (1) of 120523
 
Dave.. I agree that is why when someone asked if PRGS was a good bet, I would say, no it's overextended but good for a pop. No matter what a great day RXSD is having today, I'm convinced that if the market tanked one again RXSD would be down 3 just as quickly as it's up 3 today. I'm sorry if that sounds pessimistic or frustrates those that want to invest on 'cheap' issues. I don't mean to do that just let you know that any and every whisper of trouble, and I think there is more like a roar of trouble down the line, even newly recovered stocks will tank. So, yes, I will hold for 1-3 day holds until Greenspan does something profound to change my long term outlook which is skeptical.
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