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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: $Mogul who wrote (92837)4/4/2000 4:35:00 PM
From: westpacific   of 108040
 
$Mogul - what a day! Unreal some of the bottoms put in today. I faired fine as have been in cash, did take my hits on the initial sell off last week however. At some point one needs to preserve capital to trade another day, tight stops and some bad trades made me decide to sit and watch until we find some stability.

However buying the dips is not the way I am playing this market. Still feel we have not put in a bottom. The fundamentals have not changed I hear, yet many still see the technology sector overvalued. Analysts are going to start talking oversold simply to protect their own mutual fund positions - however it is now a market were whom do you believe.

I'll daytrade and get out at each close. The average retail investor has been burned and this needs to now be factored in here. Will hold back any real aggressive buying in my opinion. This free fall has all happened in 7 trading days, that is scary.
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