Making Money is Main Objective Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Making Money is Main Objective

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Softechie who wrote (287)	1/6/2001 11:48:04 PM
From: Softechie	Read Replies (2) of 2155

My thoughts as of 1/6/2001: My feeling is that we haven't seen the worst yet. The only long I've got now is LU and still holding short positions on net equips and members in the drop-like-chevy-truck award. Next week starts the earnings reporting season and it ain't gonna be a pretty quarter. I would concentrate on the earnings forecast in conference calls. Second quarter may be the worst and could cause Nasdaq to drop below 2000. Investor sentiment is deteriorating but not at capitulation point. Remember margin debts level is as high as ever. Nasdaq is closer to 2000 than 3000 here folks. They're talking about S&P and DJIA tanking and I don't doubt that this could be the last shoe to drop in cracking the market. I would suggest play very close to your vest with daytrading and shorting if you're good at it otherwise be safe and stay on the sidelines. Good luck ps: BTW, one word of caution..don't get sucked into "burst" and "stealth rally" craps from Randy's thread. After reading his postings I almost puked...seriously ROTFLMAO...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next