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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: ColtonGang who wrote (4531)	2/13/2001 10:38:05 PM
From: Jenna	Respond to of 6445

No one doubts the techs are going to be offering bargains, but during the shopping spree, we can get burnt. TXCC finally moved up today and I thought I might be able to hold this by now, but no. ELNT triggered long and today I didn't even get in for the first time after a trigger. I figured already it would pull back quickly and it did. Its a Pavlovian reflex now. I seldom just hold a tech stock, I am always looking for that spike high, that reversal and almost automatically I just sell. I don't do that with others.. I have held other companies through 1 day reversals and even more, but I can't do that with tech. I am conditioned now that when I hold it, I lose profit. Ironically, I can hold shorts (puts) through some upside much more easily than hold longs through downside. When once I won't be stopped out on a trailing stop, or see a postion retreat within 1/2 hour, I might be convinced but as for now, as long as stocks like AVNX, NEWP and TXCC are capable of such powerful moves to the downside, I'm staying clear. If I don't get the earthquake, I'll get the after shock. I'd rather play it safe and wait.