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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: DO$Kapital who wrote (37646)4/30/1999 9:25:00 PM
From: Jenna  Respond to of 120523
 
bull..I don't understand your question but I'll try. No, I didn't mean the put profits, that would have been nice but I never had the put profits longer than 1 day for AOL and the gap down overnight with AMZN. But I 'guessed' correctly that they would both correct down after their earnings, yet picked up INSP and EBAY before that because I 'guessed' they would surge.

What I mean was that after the experience we had on 2 occasions of very severe downdrafts, I tend now to take profits quicker. To be abundantly clear, I meant that with the massive 1 day 'earthquake' correction of the internets and 2 'aftershocks' of the sector, I would NEVER, NEVER leave 20 points on the table in any situation. But when I read the quote you pulled out of my post I can see that you could understand it both ways.

It's just that convoluted strategies and long term goals seem okay with stocks like MMCN or maybe JCOR, GE, GR but for a stock like INSP you take your profits. I was going to leave over 100 shares but I changed my mind in the last minute.

I tend to take "put" profits too quickly because I'm generally bullish on the sector and like it turned today on a dime near the close it could do that either way.