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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: David H. Zimmer who wrote (7629)	7/1/1999 9:46:00 PM
From: TLindt	Respond to of 20297

>>>The first side is easy, bottom picking -- selling at or near a top is the hard part. Well, no it is not when dealing with those stocks that are in play on the Internet sector. I had a day a while back when I made 40% on everything I had out in the market in one day to the next on high flying internets. Here is the sell signal on an internet and how to deal with it...when your stock goes up 20% or more in one day like CheckFree did in April just let it go, set a sell on your traders that night after for a couple percent above the close....a buck or two, whatever. The next day the market spikes again early...you are taken out, but not pushed out...because you were early....you get out. I have noticed that there is exactly one day of exuberance in the blow off, and one day of greed....sell greed the next day. I'll give you examples if you would like but it's there, everywhere....and if you like the stock don't sell all of it...sometimes it can be difficult to get re-positioned.