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Strategies & Market Trends : Action & Options- Taxikid plays

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To: taxikid who wrote (2372)10/18/1997 7:29:00 PM
From: Druss   of 4339
 
Taxi--I am thinking the same way you are in some respects.
I agree the smart money is out or hedged. The danger I am seeing is the buy back in stuff. A pattern I have been seeing in the market is people who have not experienced a true tanking buying on dips. These people do not have a lot of market savvy either. JC and I have swapped a couple of E-mails about these folks. In a market tanking you are buying on the slope of a market chasm. A pattern I think we will see is the targets of quality will get a surge of money as soon as the market seems to bottom a bit.
I am definately open to suggestions as to good quality targets. I am going scouting now.
All the Best
Druss
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