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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: Jenna who wrote (41689)	5/24/1999 4:23:00 PM
From: croonerjim	Read Replies (3) \| Respond to of 120523

NTBK--picked up some near the close. Held 40 all afternoon despite two runs at selling through. A little strength at the close. Depends on how the market opens, I suppose. Jim

To: Jenna who wrote (41689)	5/24/1999 4:36:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

This market is exactly what I expected but it doesn't mean its easy. I saw it when AOL dropped through first support last Thursday and continued on Friday. Puts can add up to a hefty sum in the internet sector and its a headache holding. But when I saw INKT turning down in the morning after a strong opening, and saw my NTBK, I knew it was serious. I had picked up SWS first thinking maybe its a sector thing, but then I picked up the puts when I saw CMGI down 4 from Friday's Close, and ATHM down 3, then YHOO dropped below 150. When something is supposedly rebounding it doesn't drop like that in the first 20 minutes of the session. INKT and NTBK had to be up or there would be no recovery. Then ATHM was my third choice for recovery.