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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: Scrumpy who wrote (55147)	8/9/1999 10:57:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

I think you are both right and therein lies the fun and/or problem.. There are some rather good nets that have gotten battered and some of the second tier nets that have been battered some what but have come back as on-day-glory. The trick is to find out which is which. What I do is just try to get on at least one earnings play for how long that lasts, and short one net and long another. Today I got it right but I got it wrong with FOSL and TSFM. but what counts is how much money you take home at the end of the day even after a few mistakes. MU was on the watch list Monday and conintued to do well today.. and what do you make of stocks like ZOMD that was on the watch list over 10 days ago and won't quite? Who's to decide what is overbought? When it has bottomed? Valuations? that's funny. I've seen stocks in magazines (I save them) that were called by analysts overvalued 8 months ago, each one of them is up three digits percentages since that evaluation.

To: Scrumpy who wrote (55147)	8/9/1999 11:12:00 PM
From: TraderXx	Read Replies (1) \| Respond to of 120523

Scrumpy...your point is taken, but I feel in this environment, to go long in anything (for the short term)is suicide. Now as far as position trading ( ie. medium/longer term) you could prove to be right in SOME of the internets.(ie. backbone) I don't know....in this environment its easy to be influenced into thinking that a large number of stocks,not just internets, that have moved up in the past years are finally getting their due valuation. Only time will determine that thought. On the otherhand, thats why I say, alot of times in the market when everybody was saying "the sky is falling", "these" times were the best times to start accumulating in good,potential growth stocks (internets included). But the bottom line is to follow the trend. THAT trend IMO is going down, so why not make some money on the way down as well?