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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: BarbaraT who wrote (44454)	6/15/1999 1:25:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

There has been more bulls---.. on the Silicon Investor threads than I could possibly have anticipated. Stock touting, rampaging 'return coast is clear' calls on various stocks in technology and internet. Many 'popular' posters are accumulating bad stocks and stating their undaunted, unequivocal opinions in this pursuit. Funny how stock touters have now disappeared and now some are changing their tunes and finally following the trend (after they have been burnt themselves) which I have stated for 6 weeks. I'm really sorry for those of you that have gone into some nets and stayed.. I have had my share of losses but mostly my losses were in failure to realize some profits in early May when I might have exited a week or so earlier than anyone else. I do think that those that short at this time indiscriminately are doing so after losing their shirts going long or just have not participated in the rallies of January-April and are now finally making a few 'piastas'. Be careful about hypsters, be very wary of those in losing stocks that will do just about anything to pump them up... Market Gems will still be calling stocks for the short term and not 'hyping' the nets or any sector for more than just a short swing trade. We don't advocate any random shorting everything in sight, or going long on everything in sight. This is a stock selectors market, and earnings plays and various sectors have shown strength (telecoms, retail, semis).. but to indiscriminately call shorts or longs on entire sectors is nothing less than misleading and SHOULD BE IGNORED. The venerable businessmen in Palm Beach have sold their Internet holdings in the second week of April. We are talking about tens of millions of dollars. If there is one thing I learned this past week is TAKE YOUR PROFITS.. don't be loyal and follow the 'stock hit of the week'..