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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: Burjis S. who wrote (26430)	3/8/1999 3:15:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

Burj.. I'd rather sell and be wrong and lose another 10 points or so than hold and watch a huge profit taking kick in.. YHOO was an earnings play for me and lots of people lost money because they held through earnings and CNBC couldn't understand that YHOO had good earnings yet it was down.. I understood. I had been in YHOO for an entire week about 10 days BEFORE earnings came out and held it about 1 or 2 days until earnings were supposed to be out then I sold with a very nice profit. I have done over a dozen earnings plays this year in the internet sector and have only lost in ELNK and that was only 5 or 6 points. AFTER YHOO reported it took down all the internets in a correction. I am not being overcautious I am exercising due diligence and no, I am not holding 700 shares with a 38,000 dollar gain and play with it.. Burj that's about all I earned in a year in graphic arts and here it's only TWO DAYS and that doesn't include whta I made in NTBK, In RNWK in BRCM in CNXT.. etc.. in that same time frame and in my 200 shares of CNET.. I have to sell about 80% or more of my position. If you think there is more upside then keep a few hundred, but over 50 points is just too much to sleep on and worry about.