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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: shasta23 who wrote (25826)3/29/2000 11:05:00 PM
From: xcr600  Read Replies (1) | Respond to of 68247
 
Stefan, don't feel bad with VNTR. I too thought the bottom was put in with the high volume today. So I bought at 70 with a mental stop at 67. Things looked good till until the end of the day and before I realized it the stock went from 72 to 65. So much for a mental stop.

INCA was just brutal on the stock today. Don't know who the real seller(s) are but they dumped thousands of shares.

Also tried bottom fishing w/SEBL and missed that too.

RFMD finished green.



To: shasta23 who wrote (25826)3/29/2000 11:46:00 PM
From: Clint E.  Read Replies (2) | Respond to of 68247
 
HI STEFAN. I understand. It is a tough market. The selloff started with biotechs(not that important) three weeks ago and since last week(MSTR) it has been mainly in the software stocks.

My portfolio dropped from its peak of plus ~15% last week to plus 1.5% today, due partly to VNTR as well as CIEN & QLGC. Yes, I could have taken profit last week. Perhaps that's what I should do from now on, play it every two weeks instead of two months. I'll think about that. For now, I'll hold instead of running scared because of what AC said. Will try to unload in the next up cycle in April.

Meanwhile, try to have an easy time off.

Clint