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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (65988)	7/1/1999 9:19:00 PM
From: Sam Sara	Read Replies (3) \| Respond to of 164684

I climbed back into net stocks a few days before FOMC meeting, when I realized that fear of rate hike/tightening was suppressing markets. It was a gamble, but so far has paid off nicely. Most momentum players seem to have their strategy to be some variation of hold into early July, and sell off net stocks as August approaches. Depending on unemployment # tomorrow and other data to come in, next FOMC meeting could be even more dreaded than this one, and as it approaches, net stocks may indeed swoon. OK, that was a long preamble to the key question- which stocks will be the most likely to fall the fastest, and what is the best way to screen for them? In retrospect, some of the best net stocks to own over the last 2 weeks or so were the ones that never broke through their 50 day moving averages during the last correction (e.g. INKT). Assuming we get a further 15-25% rise, what criteria would you use to pick shorting suspects? One might be: furthest above 50 day MA. Any other suggestions? FWIW right now I am long AMZN, AXC, BCST, GNET, INKT, VRSN, and WGAT. I'm still kicking myself for selling VERT at 92. Lessons learned....