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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: pinhi who wrote (31678)	9/3/2000 3:40:12 PM
From: RR	Read Replies (3) \| Respond to of 35685

Hi Pinhi: Answer to your question follows on EXTR: 1. EXTR run up from about 25 to over 98 (almost a 4 bagger) in about 66 trading days. Not bad. It is running well above the various moving averages of course. 2. It has gapped up twice the past two days, so there is a chance it would back up to fill those gaps. 3. Momentum..... too many times I've waited and had to chase something. In fact, you may recall I did that with EXTR. I kept waiting for the pullback. I got greedy. Tried too many times to squeeze an extra quarter or fifty cents out of an order that never filled. Ultimately, I had to pay a bigger price. 4. The Naz.... what is it going to do. I've watched several talking heads this weekend. It seems none agree. Heck, there were 4 fund managers on one show and they were absolutely all over the radar screen with their thoughts on what was going to happen to the market now to year end. If the Naz runs, which I personally think it will but with some bumps along the way, then you might as well jump in and not nickel and dime taking a position. I think we stand to go up steadily through the 4 th quarter to 5000 or higher, again with some bumps along the way. I've been saying that there is likely to be a pullback somewhere in here, however, to better set us up for the 4th qtr run. 5. Depends on your time frame, too. If u want to take a shorter term trade, see if it pulls back the first of this week, enter, then get out after a run up again and wait to see if there will be a bigger pullback like some think on the Naz, then re-enter. If you buy those March calls, and you're not in a hurry and want to hold them awhile, then buy on the next dip and wait. After all, that is about 6-7 months from now, which is a long time on the Naz. 6. Me, what I'd do, I'd wait until the market opens on Tuesday and see what it does the first hour. I hardly ever do anything that first hour. I'd wait to see what direction EXTR takes, weigh it against the Naz, and then decide. If the Naz takes off Tuesday and all lights are green, we may just be on our way to 4400-4500 like some have forecasted post Labor Day. If that's the case, I would not wait for a few bucks, I'd get in. If the market is down, then let EXTR sell off a bit, put a low bid in, make it come to you, have patience. 7. Very difficult to judge timing in this market, and especially on a chart like EXTR.It may just keep on going to 150 and leave ya in its dust. Hope that helps. Remember, I could be wrong on EXTR. Such a good run, it may be subject to pretty hard profit taking if it starts selling off. If it keeps going and the Naz does too, then 150 plus here we go. Take care. Hope you are having a great weekend. RR