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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: StormRider who wrote (17358)	11/19/1998 6:40:00 AM
From: Ron McKinnon	Read Replies (1) of 53068

XCIT I have a lot of trouble trading the net stocks they scare me they move so fast that I can not apply most of my usual trading precautions and they make me mad as hell because I have yet to get on board one for a big gain I do know this; during a few of the big moves they have made I say every day that "this is insane, nuts, out of reality; and if I had gone long every time I uttered those words and jumped on the momentum machineI would have done well trading these seems to be one of reading the tape, nothing more, nothing less on XCIT the tape says that the market does not like it as much as some of the others; YHOO AOL EBAY INKT it is in a tight range (for a net stock) 47.00-56.00 49.50-52.50 I'd only trade it, long or short, on a break out of those ranges EGGS maybe jump on if it breaks 14, or wait for a move over 16.25

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