To: d. alexander who wrote (23652 ) 9/13/1999 7:16:00 AM From: Iris Shih Read Replies (1) | Respond to of 68168
Hi Dorothy, It seems that momentum has come back to the nets for now. I am optimistic about the nets in the next 2~3 weeks. On the other hand, speaking of net trading, I am always paranoid. I am glad that money might have been coming back to the nets, but on the other hands, I have be thinking about when to exit my net trading longs over the weekend. Maybe before the end of this month. I am alway a little bit earlier to take profits on the nets. It has helped me to get out earlier before each short-term top every quarter so far. Between now and my mental alert for profit- taking time, I think buying on dips should be ok and safe. Just don't short now. Not the time yet, imo. Some stocks look really good, exds, dclk, rnwk, uswb.... some just leaving the base, ie vert, ivil... some are heavily shorted, ie cmgi, bynd, etys >>BTW, did you exit UNFY near the top yesterday? (I got out today, not too well, but could have been worse). I think it's good to go more fairly soon. Yes, I got out at 23. For momo trading, I usually take profits when a stock has a big jump like unfy did on Thursday. As long as it hangs above 18, I'll be back once profit-taking is over. Still looking good. Actually I did 2 trades on mypt after you mentioned it. Bought some for my husband at 20 last Thursday and sold 23 Friday. Bought some around 22 for myself and sold for 24 the same day. I plan trading "unfy", "agil", and "look" the same way as I did with mypt. On the other hand, for my dog stocks, I seldom watch them during the day. Only check them after market closes. And do my TA and FA checkup once a week. Lets have more fun this week! Iris