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

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To: debra vogt who wrote (41029)5/20/1999 6:21:00 AM
From: lee kramer  Read Replies (2) of 120523
 
SCRUMPY: When a stock moves to new all-time high territory, as SWS is doing, it's common to see the run on moderate volume; everyone is "making money" on the stock, there are no heavy overhead "blocks" for sale by disgruntled (unhappy...buyers at higher prices looking to lighten up or bail out entirely. The selling is all profit-taking...and for a while the longs get greedy and don't want to sell. So it doesn't take much volume on the buy-side to move the stock. But the hardest thing to do is SELL a stock moving up and making you happy and bundles of dough. But it's often a wise move to let SOME go...even though it'll probably go higher. (Lee)
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