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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 (98886)	5/22/2000 4:26:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Hope this time we can hold a wee bit longer. But those mutual fund leaders who bought the techs 'one month ago'... sorry but I think they got in too soon. We got over 25% on our rally, shorted and we're in again. If I hold now, and I might just try again, we'll have gotten in quite a bit better prices than those from T. Rowe Price, Prudential, and whomever. The past MONTH was not the window of opportunity they make it out to be. It was an opportunity for a nice double digit gain, a short and another long position. This is not scalping, or daytrading, that is sensibly not being manuevred by analysts and their ridiculous profit targets and 'buying opportunities'.. They say it is because they envy our ways of slithering in and out with profits while they hold through the entire month. Just check INTC for the entire month and see which side of the fence you wanted to be on. If you got into INTC one month ago you might be up a whole 2 points today, but if you traded it even a little through the subsequent peaks and valleys you got a whole lot more. We got about 16 cost average basis points gain on INTC and held it through weeks and then sold twice. Had we shorted it, which my hubby didn't, we could have added another 20 points to that gain. This was actually one of our worst trades because hubby does not like 'shorting' and I wasn't given free reign so I left it virtually untouched except for exiting twice and re-entering twice. So compare one of our worst trades with the analyst getting in one month ago and just holding. We are playing this market by selling the rallies short, selling the spikes shorts, and ONLY getting in when there is a reversal, like today with the GENERAL MARKET INDICATORS confirming the singular nasdaq gains. We hold as long as this new bearish pennant or flag remains in play, I might give it the 8% test after I've accrued enough profit, but I will not let the entire market do a "CIEN" and "SCMR" dance for me and stay through those losses.