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Strategies & Market Trends : 1-DAY-TRADERS on MOMENTUM - Short & Long Stock picks -- Ignore unavailable to you. Want to Upgrade?

To: 1-DAY-TRADER who wrote (2)	8/10/1998 7:50:00 AM
From: Bob Kulchuk	Respond to of 537

While I agree that INKT and most of the other internet stocks can be daunting for a day trade, I expect that the sector will be especially hot this week with the number of IPOs which will go of including CitySearch, Digital River and 24/7 Media. Couple that with the surge on Friday and you begin to see a renewed interest in internet stocks. I made money on Friday shorting EGGS and going long on INKT. I was able to get 7/8 on EGGS and 7 1/2 on INKT. Normally I would have stayed away, but the early trend on INKT was definitely up. I don't think that I will be shorting it until I see what happens during the week. Good luck to all.