SDLI..The absolutely strongest will come back the first.. My 'money' is on 1) NITE 2) SDLI 3) SWS 4)TBFC/NTBK .. the pure internet plays don't concern me now. SDLI has been the absolutely strongest stock through all this I've been in SDLI from 42, in an out. These are the ones making money. TBFC is making more money than AOL. NITE is (or was) the #1 stock in the market today. Relative Strength of 99 and performance of 99 (see IBD April 30) After they split, there should be increased volatility together with higher volume. I have time I'm in no hurry, I'll play my other stocks until these are ready. EPAY,NITE,SWS,VRIO and EXDS held up the longest in the downdraft. Not that EPAY is a tower of strength, but it was nice.
DCLK retreated on low volume, that could mean its close to the bottom. I'm prepared to wait until 100-110 to catch it.
One of the big changes I'm going to make is holding the positions for a much shorter time frame, and daytrading the options or holding them 1-4 days (in 4 days my EBAY,DCLK,CNET,YHOO,NSOL options managed to triple and double, that is a long enough time frame).. When I sell into strength I'll keep 100 and not 200. We made hundreds of points on the internet and lost about a score on 20% of the original positions. I'd do it over again with the same results.
The two stocks on tomorrow's watch list are also very interesting plays (they are marked) and not in the internet sector but very hi flyers. I don't own any of these yet but almost pulled the trigger on SDLI this afternoon.
You can be sure someone is going to be making money as these make their ways back up and retest the old highs. If you think those 4 stocks are 'done' then you might as well think that the whole sector together with the telecommunications, and on-line banking is done also. |
