To: SargeK who wrote (64808 ) 4/17/2000 6:56:00 PM From: SliderOnTheBlack Read Replies (2) | Respond to of 95453
SargeK; CMGI & tech or FGH ? you tell me nit wit... SargeK - FGH looks to be a good hold here - "post conference call" - as I said - you'd get to buy it cheaper & you and I both did... Yes; I did step in on the $6 1/8 play and pound the table a bit. I did think it would rally thru $8 and planned on holding it (not knowing tech would go on sale 2 for 1) - it ran to $7 & petered out - I took much of the gain (allways use stops) and got stopped out. I bought in & out here thereafter. Got stopped out on most of it and I bought more FGH this am & then latter flipped what I bought for a small loss - rotated more $ into tech - CMGI mainly & bought PTEN late in the day, ESV FLC & PGO - it was a no-brainer; I simply see more nearterm upside in tech & the OSX names that I added today - FLC ESV PGO PTEN et al. So excuse me, for FGH not rallying thru $8+ as I thought it could & should - but; unlike you & the "yahoo's" - I never, ever, fail to let a "better opportunity" pass on by - so I am probably one of the few who would cut loose a great buy near $5 here to buy something I view as a better buy. Thanks for the re-cap however, but I do remember my FGH history; 1. Played the $10-$15 game long in the good ole days 2. Short at $11 (but, covered way too soon - better safe, than sorrry... 3. Called & nailed the "exact" bottom - to the day, leveraged long at $4 7/8ths for a nice 70%+ short term pop 4. played the $5-$8 range for 2-3 nice 5-10% moves 5. Wiggled in & out here for a wash - kept some LT shares (still got those at $4 7/8ths too (VBG) 6. Holding a small/moderate position in the Long Term account only - other OSX candidates simply better buys with more breakout upside and less risk and I could not pass up the tech & net stocks here - sooooooo exxxxxcuuuuuus me Sluggo ! FGH holds no fatal attraction, or addictive qualities for me Sarge, if something comes along better; I have no problem dumping it & movin on for either a gain, or a loss. - I did today & CMGI made me a 40%-50% margined 1 day pop on 5% of my total holdings. I am not selling my tech however, unless I get stopped out - or untill I get a double, or something dramatic comes along with 2-3 bagger potential at a better price. You can have your .01 cent daytrade on MEXP & you can continue to hold FGH - give me my CMGI VTSS PMCS et al ! No one predicted the NASDQ opps here Sluggo; so excuse the hell out of me while I take a one day 35%+ leveraged pop on tech all the way to the bank. Like many; I "DID" think that the NASDQ moved way too quick; but - I also think that it will see 5000+ by year end. - I will build & add to the point of 25-35% tech here and I will maintain that % unless we see something dramatic occur again like we just saw. I bought the black October day of 1998 in tech - and I dumped for penny ante 15-20% moves; and miss the tech - iNet train since. Not this time - loading up to a 35%ish portfolio position; the tech & Internet story is only in the 2nd, or 3rd inning - max; the real gains are still ahead of us and I think as Joe Battapaglia does; that the NASDQ see's 5000+ again by year end. Anyone who gets locked into holding a stock like FGH and can't walk away in a heartbeat for a better opportunity that pops up - is just another Freideholic...as you know Sluggo; I've never been one of your group. I enjoyed the hell outta hitting that FGH sell button actually; I am only holding a few "gems" in my Oilpatch "trading" acct here - concentrating in just a few names and there wasn't room for ole' FGH any longer - given today's red tag sale on better names...and with my margin use - on that PTEN short squeeze play - something had to go & ole' FGH just couldn't make the "varsity" today (VBG) ~ Sarge fwiw - I made more money today; than any day in my adult life - huge $; went 2.5:1 leverage on my tech "bet" - from pre-open buying this am - my post below: Read 'em & weep: =================================================================== To: Winkman777 who wrote (64731) From: SliderOnTheBlack Monday, Apr 17, 2000 8:44 AM ET Reply # of 64828 o/t Tech buying opportunity ... Shopping list contains: CMGI AOL YHOO WCOM GMST MSFT QCOM NOK CSCO JNPR FDRY JDSU RFMD BRCM VTSS KLAC NTAP EMC ================================================================== Here's my gains today Sarge: - you tell me if I should of held onto my FGH (ROFLMAO) ? - hell, I even trimmed some HOFF & other stocks too - dont feel bad. I built a nice "basket" of tech stocks today - started in the pre-open as after over 20 hours of weekend research; I was confident of the longterm prospects of these companies. This was my complete list I posted pre-open Sarge. Not a bad call, if I dont say so myself...(VBG)~ Now 22-25% in tech and "may" go to 40%ish - with 60% in Oilpatch - don't hold "any" financials in my trading acct presently. VTSS +33% PMCS +32% CMGI+24% JDSU +23% BRCM +21% WIND +20% RFMD +20% KLAC +18% CSCO+16% EMC +13% NOK +12% QCOM +11% JNPR +9% FDRY + 9% AOL +7% WCOM +5.6% NTAP +3% - but, with my pre-open buy I was up 15% MSFT +2% YHOO - 1% PS - how was that 10%/$2 call on PTEN at the days end by the way ? - not bad for some icing on today's cake was it ? - and I wasn't even greedy - passed along a "freebie trade" to the masses after I was in (VBG)~ Got anything else to add here Sluggo ? PS...the "Gnat" is Phat $!$!$!~ $emper Fi - you crotchety old Phart...have a Pabst for me tonight (VBG)~