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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: debra vogt who wrote (91411)	4/3/2000 11:13:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

It all sound very nice and pat, but I repeat that I would not hold a stock through what is now a 25-30% correction if all I have to do is sell when the going is good. Its not a matter of being greedy but when I saw the biotechs begin to sell off, I got out. I got out of 7 out of my 8 long term holdings when they reached their 52 week highs and some of them began to trend down as much as 8%.. but 8% is better than 30%. Staying put is not always the answer. Getting back in and timing the market is not easy, but you don't really have to time it just approximately. I'd rather get a 'new 20-25%' off FLSH, and FLEX than have waited for my 25% to come back and then wait for an additional profit. Chances are that by the time everyone gets 'even' and their money back, the nasdaq will move down once again. I just think these 'articles' are there to prevent timely exits from mutual funds and stocks when they have given up enough profits and fund managers will have to scramble to cover or maybe work like we do for different stocks in different sectors to diversify. Staying on a sinking ship waiting for it to straighten will not work, simply because only by 'everyone bailing the water out' (i.e. selling off little by little and lightening the load) will the ship straighten.. too many investors bogged down in the nasdaq sector made the ship sink.