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Non-Tech : E*Trade (NYSE:ET)
ET 17.00+2.2%3:59 PM EST

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To: Frank P. Pearson who wrote (5864)4/10/1999 11:50:00 AM
From: Ex-INTCfan  Read Replies (2) of 13953
 
Frank, no offense taken. Here is my rationale:

1. I was feeling very greedy after the insane profits I have made in this stock. When I get greedy, the stock about which I'm greedy more often falls than rises.

2. The stock is 40 points above its 50 DMA. Looks like a blowoff to me. See the following URL (You may have to cut and paste it -- long URLs are a bit of a problem with SI.) askresearch.com

3. Risk management. I have a lot of positions with very big gains of late. Just needed to take some money off the table.

INTCfan
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