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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (11674)	7/18/1998 6:25:00 PM
From: Judy	Respond to of 120523

Jeff .... some thoughts. The key is stock selection, not buy/hold vs trading. On quality investment stocks ... I normally take partial positions, averaging down if necessary since the bottom is hard to determine. As for ASND I took an initial position at 40ish and sold puts, but stopped trading/buying it when ASND broke all supports as it fell to 25ish ... when Mory mislead the Street about the software problems in its new switch and the bottomline impact on earnings. When the CEO acts in such a fashion, how does one retain the confidence to buy at 25ish?? I have been vocal in my posts about sleazy Mory in days gone by. My "investment" shares were deep-sixed for months. Resumed trading ASND recently ... but watching Mory like a hawk.

To: Jeff Jordan who wrote (11674)	7/18/1998 7:22:00 PM
From: Jay Lyons	Respond to of 120523

Jeff- I know the feeling those old confirmation slips can create. Last week I was getting my records in order and saw Sold 1000 YHOO 105 13/16...and that was just June first! Now YHOO been bery bery good to me last month, but I sure never saw the eighty grand that holding it would have gotten me. On the other hand, what would I do all day (besides make more money) if I left my margin tied up in one position? If we're not pushing the buttons, we ain't working, right? Jay