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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (1904)	10/11/2000 3:23:43 AM
From: John Pitera	Respond to of 2850

Hey I've been wrong many more times looking for phantom turns essp. in gold....now a days I specialize in buying tech stock down 25 to 40% that will fall a similar amount after I buy them -g- I can be happy that QCOM is back to 80 but I was buying at the 200 dma back in the spring at 100 and then in the low 90's..... I would have bailed on that many moons ago but I still believe the story.... hey it could work out. I occasionally manage to find some stocks that go up after I buy them...or down after I short them.... -g- my worst mistake is still CLRS. I waiting for someone to suck me into a Ponzi scheme so I can find something that has had a bigger drawdown -vbg- but I have exited 2/3 rds of the position up in the 50's. ClRS gets to make you look stupid all the time, I sold a fair bit as we got up towards the 200 dma and then some idiot firm puts a 140$ target on it and CLRS pops up and I'm thinking "how am I selling this in the 50's when it's going to 140? especially since this report is ramping it into the 60's.....so even though I'm down to 200 shares. when it collapses like a punctured lung to 20...I'm wondering what am I doing with this little piggie that just fell to 20. and I do so much of my trading in pieces so I get to feel like the village idiot when when I sell stuff and then it goes higher....even if it ultimately blows up and heads lower. and the I feel dumb for having any left. As you guys know, I'm part of the group that is kind of by definition selling stocks as it gets above 50 or 70 % above the 200 dma and is buying the same stocks at the 200 dma and then more at lower levels, if the fundamental story seems in tact.... it's actually kind of lonely work. I think FLEX will have a good story in 1 year, ditto JNPR, CSCO, NTAP, BRCD, GLW, ARBA, CMRC etc . that's not the whole list but it's so much shorter than 6 or 9 months ago.