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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (251)	4/23/1998 2:46:00 AM
From: Plaything	Respond to of 12475

I escaped with my skin intact at 33 1/8 (5pt gain)!!!Whew!! The darn thing refused to climb any higher after its initial spurt to 35 and wallowed weakly the next few days. I bailed out on this unbelievable weakness especially coming on the heels of such incredible earnings! I now am firmly convinced that the market in general is having its "blow off", and that we all need to tread velli, velli carefully from here on. On one hand you have the insane, frenzied buying in all the no-name "Internet-Hyped" pennies (sure I rode part of the ride in SEEK-which is no penny stock like the IFLY's, LEAP's and KTELs- which I bought in the low teens awhile back and got out at 31 fearing that the short, quick ride made no sense!) and on the other hand you have a fine stock like TDFX shed its well deserved gains on potential Intel offerings. Even Lucent's fine earnigns today did'nt lift the stock much, compared to say, a LLTC, which jumped like crazy after coming just a penny above expectations! This is just crazy! Yeah, the market plays on perception, but what about reality for crying out loud?!