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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: pooh who wrote (42036)5/26/1999 4:25:00 PM
From: Jenna  Read Replies (1) of 120523
 
My perception of tomorrow: Even if there is profit taking tomorrow the nets will probably not get hit by anywhere near the amount they went up today. A better strategy would have been to buy the OEX puts on the DOW, since they might go down 'cause the DOW's strength was only held up by a couple of DOW bellwhethers.

So if I got 6 full points of profit on NTBK I risk about 50% of that profit, but I think the potential is it to be up another few points during the day. And I won't sit idly by.. If something goes wrong tomorrow, I'll put on my 'short' hat and join them. But to hold nothing at all overnight you miss the chance of any gap up. It like waiting for the lottery in anticipation without buying any tickets.
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