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

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To: kendall harmon who wrote (34225)4/15/1999 9:31:00 PM
From: Jenna  Read Replies (1) of 120523
 
INKT vs YHOO Kendall that is exactly why I exited YHOO after a quintuple bagger and was able to see the stock go down and not ask "WHY?" the same scenario last quarter, I did well yet others held through earnings and the results were even worse than this quarter.
This correction although only one day was pretty massive and INKT got caught up in it. If it just retraces 2 days of previous gains it would be more than enough for me. On the very same note, it is imperative for us to know when to EXIT the nets after the earnings are finally out (end of next week) and/or when the particular stock in question gives a nice profit, perhaps not as large as the ones were were used to getting.

Then perhaps will be the time to get ready for another correction. This is a guess, but with earnings out of the way the extreme volatility associated with earnings reprts will return to normal and even below normal. We have to understand that traders learn from the errors they have made. I don't think if the nets run up a few days traders will sit on their hands thinking this will never end... I think they will be wary of risking fat profits by being to lax to close their positions.
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