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Strategies & Market Trends : Position Trading Forum

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To: Glenn who wrote (7149)	11/30/1998 12:58:00 AM
From: Bogeey	of 7247

Agreed! Anyone who follows the markets llike we all do knows that maybe 25% of the internet stocks that have shot up the last week or so are deserving of attention (none in my opinion deserve the kind of attention they are getting). If you agree with that, or something close, than you know that the remaining 75% of the high flying internets are investor and trader plays on stocks that have been left behind for some reason. Fear is what has driven so many to these left behing stocks that soared this week, fear of buying the ones that have already shot beyond any imaginable worth. So if fear drove the market to search for the less desireables, then one sign of trouble and all hell breaks loose. The last internets to rise, will be the first to fall. Just my opinion. You can be sure that I will be trading them, but my eyes will never leave the real time, and cash will be king at the end of the day.

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