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 (38102)	5/4/1999 4:45:00 PM
From: Tradelite	Read Replies (3) of 120523

Two cents worth of thoughts for this somewhat dreary moment... Dug in my fingernails and held on to AOL, in which I'm seriously underwater. But have ridden this one down before to a low of 115 and rode back up to 165 only about a week later---it happens with this stock. Always tempting to cash out and preserve capital when prices are falling, but if I don't need the capital right now for an urgent purchase, I'm better off gambling that things will get better. Increased WMT holdings after reading the company's annual report last night. A money manager on CNBC a few minutes ago said he thought it was "time to move back into growth stocks" and mentioned my pick as one he likes. (Whew!) He also mentioned PFE and the other usual suspects, noting that they have come down in price. Growth stocks can be traded short-term as well as any other stocks, most of the time, so I'm sticking with 'em. Been staring at EMC all day and wish I had bought. I seldom buy Internet-type stocks because I like to hold stocks that go up more gradually over a week or a month. But people have so much fun in the tech stocks that I'll bet the "sector rotation" which has sent traders in the cyclical, industrial stocks has bored them to tears and that's why Wall Street had such a moody day today. These defectors will be back to the Naz very soon. Look at the price of MSFT!! Who can resist? Personally have found overtrading one's account in order to gain a point or two on a wide variety of stocks is not profitable in the end. Prefer to wait for at least 5 and usually more points. That means digging in and holding high-quality stocks, even in weeks like this. Not holding tooooo many, though. Tomorrow will be a better day.

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