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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (12929)1/5/2004 5:36:34 PM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 95561
 
<<That's probably why we see a lot of people booking profits on the Full Disclosure thread.>>

I noticed that as well. Nothing wrong with booking profits, but I have done that many times in the past and kicked myself later as the stock I just sold continued to go up.

As you point out, the indicators right now are mixed, and some of them do not look very good for further immediate gains. I have to fall back on history here, however, and point out that January(particularly the first part of January) is usually a strong period for stocks. IMO I would give stocks the benefit of the doubt in this period and look for further gains(protected by stop loss orders of course).

Tomorrow should be an interesting day since today was so strong with the NASDAQ closing at its high for the day - do we open "up" or "down"? Even if we open "down" there could be further gains from today's close as the day progresses if money keeps pouring into this market.

Don