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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: jan m. who wrote (33948)4/14/1999 11:34:00 PM
From: Jenna  Read Replies (1) of 120523
 
My epiphany came on Monday morning when I was holding 800 shares of NTBK on when the S&P Futures were down over 19 points. That for me was the jolt I needed to get me to sell .. Had NTBK gone down 70 points then I would have felt it. It didn't happen and that day I sold 80%..

Then came Tuesday and the split was announced okay I had more NTBK and made some money. Came this morning I was left with only 200 NTBK and more than an uneasy feeling since I was up all night, I sold NTBK bought CYCH but felt uncomfortable with the nets. I got into the earnings plays all this before 10;30 even got back out of CYCH within 45 minutes, out of USWB with 2 points down instead of the 8 by days end. I am always suspicious that it will end so I'm always ready to pull the 'sell' trigger.

Also I don't get on the newer nets as quickly as some traders do. I never buy anyone's recommendation until I've charted and checked them myself which by then the stock has gone up and promptly tanked anyhow. I tend to stick with some core 'nets for weeks and get to know their price patterns. I posted them yesterday, about 1 dozen nets and I don't climb on the 'net stock of the hour' or the IPO of the hour. So by the time I sell, I'm satiated. I dumped NITE,SDLI,SONE, DRIV, BVSN all before today.. even though I still had 4 'nets with about 24 aggregate points of loss (on paper) on 200 shares, not too bad at all since those gave me profits of 2-5 times that on 800 shares on those 4 and another 8 positions this month (which I sold completely).
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