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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: Molly Mayhem who wrote (103802)6/22/2000 4:11:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
CMRC.. speaking of bad moves. I even had a stop loss in CMRC months and months ago. Sold it short before the close. CMRC gaps up 20 the next day.. I got out with 15 point loss. Of course CMRC was trading in the triple digits at the time (December 1999) and I only shorted 300 but that was my worst loss for that year (1999) and I never repeated it. Now I can have some 3-5% losses here and there but never will I have a 15 point loss if I can control it.



To: Molly Mayhem who wrote (103802)6/22/2000 4:52:00 PM
From: bobby is sleepless in seattle  Respond to of 120523
 
Once upon a time there was this company called TAVA technologies, involved in Y2K remediation, and a trading favorite of many including myself.

Now the "hip" stocks to own at the time were those involved in getting all the bugs out of the systems before the big doomsday of 2000 approached, how will 2000 be recognizd in systems equipped to read only two digits instead of 4 along with other stuff...

so tava's involved with selling software to hunt out the bugs in the system...you then hire their experts to fix the bugs or do it on your own...embedded systems, a relies on b, b on c, c on d...if part of the link breaks, the chain goes down. Cool concept, their niche.

At the time, i knew nothing of technicals other than the very simplest of things, most of what i made was on luck and fundamentals....and yes, fundamentally, TAVA was the cool stock to own,,,oh yes...

so one day, Tava was about to enter into a conference call, and I thought this was a great opportunity to captialize on optimistic news. So I bought an additional 5000 shares, About an hour later, I sold 5000 shares for a 4 point loss....you do the math.

let's just say the call didn't go as planned, nor the rest of my day, this no longer was a favorite to say the least, and expletives I had, oh yes!...I was absolutely pissed that I was scammed.

Yes, been there done that....and believe you me, it's painful. These I term as seminars, though very expensive in nature and learned a few things from that experience.

Good Golly, Miss Molly!!!!!....absofreakinlutely, in my face, yes!

And then there's the oil thing that happened a few years back....!!!!!