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Technology Stocks : Internet Guru Discussion -- Ignore unavailable to you. Want to Upgrade?


To: LABMAN who wrote (1124)4/16/1999 2:35:00 AM
From: steve harmon - analyst  Read Replies (2) | Respond to of 4337
 
selling on a downswing often provides fuel to the fire

i believe investors need to always be aware of their positions and what they need to take off the table to cover their cost basis

and then invest with the gains (if any)

but a selloff is good to me since the internet segment has been blazing
let it cool a bit and selective buying makes more sense

i enjoy it when market leaders get caught in the downdraft for no fundamental reason -- in the past that triggers buying in them again

corrections on emotion/profit taking are normal

it's when the underlying fundamentals (revenue/earnings/growth/users/buyers) show weakness that i get worried...and that isn't behind this selloff...pure profit taking in my opinion