e-mail: VRSN..NSOL..MALL, DRIV, TMPW..LCOS,DRIV
DRIV is flying after I sold it but I've had it for weeks now. I would definitely reenter after a pullback (what pullback?)
LCOS was not on my 'internet' list. I prefer XCIT to LCOS and NSCP as well. LCOS could possibly look good at 61.. up to 61 5/16, but no higher.
TMPW: Finally on a third consecutive day of a strong uptrend after trying so hard for so long..
VRSN, NSOL might be soon time to get back in..It's acting a bit nuts now near the close (3 point spreads), if it stabilizes it might be okay. I wouldn't dare buy puts on the internet sector at this point, perhaps if a longer-term downtrend is observed, but I don't believe there will be a downtrend that will last long just yet, not before XCIT, YHOO, ELNK, and MSPG report their earnings.
Profit taking is only natural when the stocks have gone up that much in one day..and the month has been spectacular. I got out of SKYM a bit early but I am no longer in NSOL, VRSN, or DLIA. VRSN was a longer term hold but I had sold it off 3 times in the interim. NSOL and DLIA both daytrades. DRIV longer term hold out as well.. MALL I haven't had this one for a while so I didn't follow it this weekend. It's hard when you chase that one, in fact it's not clever to chase the internets after a few weeks of gains that's why I'd rather hold a bit longer, be in on the gap ups the next day and the entire week's gains and chance losing 5 or 6 points of gains but be up 25 or 30 points for the week.. (i.e. EGRP) |
