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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: Jenna who wrote (96699)	5/8/2000 9:07:00 PM
From: fftrader	Read Replies (1) \| Respond to of 120523

Jenna, Was wondering what your average hold time is? A 5% loss seems high to me, but not if your position trading more than swing trading. fftrader

To: Jenna who wrote (96699)	5/8/2000 9:11:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

FLEX for a case in point. I was long FLEX for months and did very well on FLEX.. Well over 75% once for each earnings quarter (sold it only once). So I sold near the 52 week high at 79ish, watched it drop without shorting it, reentered long on the ensuing rally sold when the uptrend ended, and this time, being smarter I shorted FLEX in this last downtrend. My only error was covering too soon. FLEX is not the only one. I did the same with 5 of my past holdings. Should I have held FLEX in its move down from 80 to 50...never.

To: Jenna who wrote (96699)	5/8/2000 9:37:00 PM
From: Roger Schelling	Read Replies (1) \| Respond to of 120523

Jenna: Thanks for the response. I have tried the buy and hold theory through thick and thin myself about a year ago and finally was stopped out with 35% loss instead of 8%. So the market came back after a few months, but I was still smarting after the 35% loss and not very happy. The second time I got out near the 52 week high and watched the market tank, this time I was on the outside and waiting to get back in at some bottoms. It was more satisfying, profitable. I was able to enter on 4 occasions and make over 60% on the very same 'type' of stocks that I lost 35% a year before. That is on top of the triple digit profits I had when I sold them the first time. I have lost myself and until you've lost you don't really know a thing (the collective 'you') about either investing or trading. I know something about that but still gain much from your input here and the Gems letters. I have made some nice timely "Swing Trades" in the MIND's IATV's and CDTS's in the past years to put me in a nice trading position now. And paid the price on the RECY's of this thing :). Keep up the good work on guiding us to great entry points along the way. Beautiful time to focus in on the GEMS list. Question was? What about the overall NASDAQ support lines? Any factor in your timing ? Roger