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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: jeffrey roberts who wrote (33422)	4/13/1999 7:32:00 PM
From: Logistics	Respond to of 120523

VDAT is being compared to RNWK::: Message 8892670

To: jeffrey roberts who wrote (33422)	4/13/1999 8:21:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

Glued to the computer..the thing is that one year ago people were not holding a stock like NTBK as an investment. They were buying stocks like SPLS, ODP, or DIS.. If I had held the entire position from 15 I would have now 1,000-1,200 shares from 15 to 241 and that is not the case, not by a long shot. But as I was getting 'comfortable' with stocks like MSPG, NSOL, VRIO, NTBK my forays were longer and longer and from January 1999, I was at a point that I felt relatively safe holding small positions of net stocks. The more I made the more risk tolerant I was becoming. It as simple as that. I'm at the point now that even with ABOV down 11 today I didn't even bat an eyelash or place a stop. Now that is because I have only 200 shares, but if I had 1,000 shares I'd be out by now. It's just too much trouble to sell than rush to rebuy some of them so I just hold. I held SDLI,SONE,DRIV, VRIO, NITE,MLTX,WEBT through downdrafts but not stocks like NSOL, AWRE or CNET. The one and only reason I sold 80% of NTBK yesterday was because it was a lot of money and I saw first hand the futures down 20 and I was getting nervous, not nervous enough to sell the entire position though. Don't forget you are seeing it now in retrospect, but unless you have about 1-2 million invested I wouldn't put more than 30% of my net worth into long term stocks. I would rather churn and get 'fresher' and fresher trades. I like being on the computer. If I were daytrading I'd hate it, but I seldom make more than 4 trades a day and rarely sell the same day (RMII, MESG were exceptions because I am really unfamiliar with them and RMII from experience I know has intraday pullbacks after runups).. It would really be a better idea at this point in time to buy a small amount of a diversified 'net basket of stocks rather than put all your bets in one internet stock.