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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: Jenna who wrote (44845)	6/16/1999 4:43:00 PM
From: Internet Jones	Read Replies (1) \| Respond to of 120523

Jenna, what are your best net selections? If this rally is going to run and if the shorts still have to cover, what net stocks do you think will bounce back strongly over the next week? Thanks.

To: Jenna who wrote (44845)	6/16/1999 4:48:00 PM
From: nokomis	Read Replies (1) \| Respond to of 120523

Jenna - someone on thread said earlier that if AOL closed above 105 (which it did), next stop is much higher. What are your thoughts please (I sold 200 to hold 800). thanks a bunch, NOK (CNBC just said AOL trading 107 in after hours)

To: Jenna who wrote (44845)	6/16/1999 5:51:00 PM
From: Lane Hall-Witt	Read Replies (4) \| Respond to of 120523

In all honesty, I've been almost completely wrong these past two days -- practicing extreme caution because of my fear about Greenspan even as the tape was saying go, go, go. My biggest psychological hurdle as a trader is trusting momentum when I sense that fundamental or macroeconomic risks are looming. These past couple of days, that has led me to pass on positions I should have bought and to take profits far too early on other positions. (Fortunately, this approach served me well during the down market the past few weeks; but I have left a lot of money on the table during the transition to rally mode.) What I love about this thread is that you all take a brilliantly disciplined approach to momentum. You have a tremendous gift for "listening to the market" -- reading the tape -- and assessing the opportunities that the market is making available, whether on the up side or the down side. This approach directly addresses my fear of momentum and so is quite valuable to me, even when I end up watching much of the action pass me by because I still don't trust the market fully! By the way, I didn't mean to suggest that the gambler mentality had swept over this thread. I think the gambler mentality returned to the broader market today -- otherwise I think there would have been some kind of pullback before a risk-bearing event like Greenspan's testimony -- but I really admire the way you all have maintained discipline as the momentum has presented trading openings. That's magnificently opportunistic: not gambling, I think, but taking advantage of the fact that the gamblers are returning and beginning to place their bets again. Congrats to all who enjoyed a much-deserved big day after having been so patient the past several weeks. Well done!