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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (2250)	12/16/1999 7:44:00 AM
From: Tom Allinder	Read Replies (2) \| Respond to of 4792

LANCE, I AGREE... PEOPLE DO NOT UNDERSTAND HOW STOCKS MOVE... PEOPLE STILL HOLDING ENTIRE POSITION WHEN THE STOCK IS UP 300, 400, 500%... THEN IT COMES DOWN LIKE A LEAD BALL AND THEY COMPLAIN THAT THE MMS ARE SCREWING THEM AND THE COMPANY IS SCREWING THEM. Stocks cannot continue to go up vertically every day. People ARE going to take profit. The MMs can and do shake people out of their positions. The ones who get shaken and can't get out of their positions are the ones holding their entire position... they see people starting to sell then the bid/ask begins to fall, they panic and TRY to sell. If it is a market order, it gets filled at the bottom of the drop (that is me and Lance buying those shares :) ) If they put in a limit order, it doesn't get filled at all. People have to learn to sell a little as the stock goes up.. .then when it comes down hard, buy it all back at or near the bottom... this is how you make money in the market. NOT BY HOLDING OUT WITH YOUR ENTIRE POSITION FOR THE TOP OF A 1000% MOVE. Tom