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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: RXGOLF who wrote (12490)	8/4/1998 12:24:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

ABRX.. did not play it that great.. In at 16 7/16 at about 10:00 and out 16 9/16 at 12:04. The way I look at it the best way to trade this market is by taking advantage of technical bounces but NEVER go in and think this volatility is over. Whenever there is a bounce like today I look for my old favorites: the internets, past 'street beaters' like ABRX, earnings plays, etc. At around 3:00 or even sooner when and if things pick up I'll probably get back in some issues and hold for the gap up in the morning before the next sell off. I don't expect anything dire here, just lots of volatility. I'm down 'on paper' about 10% of my entire long term portfolio but up on my trading portfolio (thanks to internets) throughout these last few weeks. This leads me to believe that I will not 'sell off' my long term portfolio into weakness but rather use my trading portfolio to offset 'paper' losses and thereby actually use this downtrend in my favor. Of course it's not easy as it sounds but by using caution it could continue to work.