Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (18526)	11/13/1998 10:49:00 AM
From: Jenna	Read Replies (1) of 120523

Another tip: GNET when an internet stock 'has its first earnings ever' in quarter a 5-7 point gap up is nothing. You CAN NOT weigh the stock not by itself ONLY in conjunction with other stocks in the internet sector You have to discard your OLD trading strategies with the internet sector. Even raise your risk tolerance level because the rewards are so great. When a stock doubles like NSOL in a month, or MSPG you weigh their gains against their gap ups. I watched NSOL yesterday and watched it climb 6 to close at its day high. Had I not hesitated at the open I would have been up 8 by now instead of just a couple of points. I've given up waiting for puts and trying to short and am now running with the bulls and following the trend in that sector. If a stock like EBAY or those new IPO's that could fly up 50 on nothing...no earnings, how much more so an internet company that is earning (NSOL, MSPG, YHOO, also earning and just look at the figures for these stocks in the past 30-60 days...)

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