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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: Jenna who wrote (16390)	10/7/1998 6:07:00 PM
From: wiley murray	Read Replies (2) \| Respond to of 120523

Jenna:YAHOO site reports YHOO 113 at 17:35.COO reports YHOO profitability no sustainable in near future...comments appear somewhat negative for YHOO tomorrow. If YHOO goes down tomorrow so should AOL,AMZN and other net stocks.

To: Jenna who wrote (16390)	10/7/1998 6:16:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

e-mail: There are no short term/position trades at present. That is my position and the honest one that most thread hosts won't admit for some reason. There are some defensive stocks like NEM, CCE, PEP that were very good for 1-5 days but there is no guarantee will continue to increase. There are also some great trades like VRTS,LGTO,SUNW,ORCL, etc The only trader who touts this or that stock, disappears from the thread when the stock tanks. They recommend stocks on the rallies and retreat from the thread when the rally and their stock fizzles. They are 'in', then they are 'out' and you ask "Well when did you get out" or "I don't remember you saying you exited etc. etc." Well, no they were conveniently "out of reach", but they also miraculously missed the tanking as well. Just be careful, there is a preponderance of 'soothsayers' that want to be the one to "call" this or that stock for a position/short term trade. I do call my trades, but call my exits as well. In the rare case like SLM that I don't call the exit, I have been stopped out (my stops are very tight) and I could not get back on line for the 15-20 minutes I made the sell and the stock was not a 'popular' choice anyhow. These are hard times. The few times in October I stayed overnight with a position I was 'hurt' 50% of the time. YHOO was one of those times. That is below my average. When I got out of positions I won 75-80% of the time. There are promising stocks that 'could' be position trades. Stocks like GE, CG, HDI, LXK, ORCL, HBOC, NEM, or even DELL when it stabilizes. If you don't want to sit at the sidelines than hold some of the defensive stocks and golds for a few days, but don't be 'itching' to get back into technology or tie yourself in for weeks. Even the severely beaten down stocks are really only good for a 'pop' albeit a decent 10% plus pop. Don't get in just because the market is up 150 points one day. It will in all probability be a 'dead cat bounce' rally and you will get burned. There has to be many more days of higher lows and more rallies that include the large cap techs to be considered safe for a position short term or immediate term trade.