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 (30695)	4/1/1999 11:03:00 PM
From: robert baldwin	Read Replies (3) of 120523

Jenna, I'm new to the Market Gems thread and have been very impressed with the insight you have provided to people. My question is a fundamental one: what do you do when you've closed a position on a stock at 10% loss and then it surges 25%? I sold my position in DRIV in mid-March when its TA still looked questionable (MACD lines converged below the center line, consistently down day volume, etc.) and there was very little news about new alliances. I assumed (incorrectly!) that an uptrend would be several months away, but knew that it would most certainly be driven by some sort of major deal with an e-tailer (Amazon, most likely). Clearly, big share blocks are being bought in anticipation of something-further, technicals look very good (MACD fast line just crossed the center line, third highest daily volume, etc.). I suppose profit is profit, even if you make it off of a smaller base of capital from selling previously at a loss. If DRIV really is starting to trend up hard, $45 to $50 may be a good entry point for a significant push upward. I'd very much appreciate your opinion. Regards, Robert

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