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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Jonathan Lebed who wrote (14932)5/20/1999 5:59:00 PM
From: Trader J  Respond to of 56535
 
Jonathan: ABTL - I would have to agree with one exception, the Inets are currently out of favor and cheap or expensive valuations based on past valuations is a very risky tactic here as each new low sets a new base, no telling where the bottom may be on some of these issues.

However, with that said, it is a great time to be a trader. I do believe that both ABTL and AWEB are quality issues with a great future before them, just out of favor at this time.....which is exactly what we want. You only have to be scared if you are in long and not willing to trade the issue. I would much rather be in these issues than the first tiers trading at enormous valuations.

We shall see, but I still like many of these here right now. And I don't mind having to sell each at a 1/2 point loss in order to catch the bottom and ride it up 5+ points when the rebound does happen.

J

Tj