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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 (41491)5/24/1999 3:56:00 PM
From: Jenna  Read Replies (1) of 120523
 
Reprinted from a post made on Saturday ""That is why I am not holding any internets. My strategy is never again to hold positions long term through thick and thin. My positions will be accumulated about 2-3 weeks before earnings season (season lasting about 1 month say) through the end of the season which is a total of no more than 7 to 8 weeks a stint. All positions to be closed the day after the last net reports. (which is how I saved myself this quarter from the correction)

Because of the influx of electronic traders into the internet sector, the volatility and corrections are steep. Anyone who stays through all them is a fool and he will be soon parted from his money. Most of the stocks above will be my 'core holdings' and will also include some 10-20 day holds of stocks like INSP, EXDS, VERT, COVD, VRIO etc. What I accomplished in this sector in 1997-1999 sector can't be repeated with any buy and hold strategy.

A lot of you are rushing into the nets too quickly, there will be time. You will be richly rewarded if you wait for the 'bottom' to come than sail the stock through the month of July until the very last one reports. Then sell off the the bunch, or risk a 30-50% correction......."
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