thanh, I won't take them home overnight. I just don't sleep well holding a position one way or the other. I must admit I was very tempted to take GNET home.
JJ Cramer said this in his column tonight:
"Instead, yesterday, when Yahoo was up 90, I sold the last bits of
my favorite stock. With earnings coming in, and the possibility
that a real event could cool the stock off, I jettisoned it. I took a
lot of AOL off the table. I sold a bunch of little Net plays. And I
realized that this 43-year-old could not do what he could as a 23-year-old: throw all caution to the wind and bet the farm.
Perhaps it will turn out that Monday was the top, that the froth had at last reached 1929-like proportions, but I don't think so. I think I am going to be forced to get back, maybe even at higher prices. But even I, giant Net bull, could not hold back from selling Yahoo up 90 points. I had never made 90 points in a day in my life, and I wanted to take it. I had learned too much not to.
thestreet.com
Be careful.
Barb |
