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Technology Stocks : RealNetworks (NASDAQ:RNWK) -- Ignore unavailable to you. Want to Upgrade?


To: Raymond who wrote (2641)4/14/1999 9:24:00 PM
From: stock_bull69  Read Replies (1) | Respond to of 5843
 
Raymond, your suggestion to sell RNWK may have been appropriate for short term and day traders but not for long term holders like myself. As fast as RNWK fell today it can rise so these short term blips are of minor concern to me especially since I'm still up 50% holding the stock less than 6 weeks. I'll take those kind of returns any day. I would also be surprised if it fell much lower as the fundamentals are the same as they were yesterday. RNWK fell sharply for two reasons:

1. Normal profit taking after a great rise due to the IBM announcement.

2. The INET selloff which affected most high flyers and it did not discriminate against any. Just check out the Internet sector on CNNFN and you will find similar drops % wise in many stocks.

You had your day in the sun today, Raymond, but me thinks in the long run I'll come out ahead of the game!

Steve

Steve