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Technology Stocks : NEXTEL
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To: Ed Pittman who wrote (7795)9/30/1998 11:06:00 PM
From: Jay8088  Read Replies (1) of 10227
 
Yep. We started it today. I did send out some crash alert as I was up last night watching Nikkei breach 13,500. As I write now, I see that Nikkei is down another 1% to low 13,000's. Given that this is the wave 3, I warn against trying to catch the bottom. Indeed, it may not stop until climactic sell off or a total washout. I am in AMZN out of money puts - which hasn't moved today at all! LOL While LU, CSCO and MSFT are declining sharply, AMZN hangs on there. There MUST be some value in this thing! LOLOL Anyhow I am waiting for it to crack. On the whole being in cash is the best. I think there will be some terrific bargains at the end of October. Best wishes!
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