Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 184.97

-0.3%

Dec 9 3:59 PM EST

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To: Trader J who wrote (15908)	6/11/1999 1:26:00 PM
From: American Spirit	Read Replies (2) of 56535

Agree. Market feels paralyzed now. But AOL is holding 100. PFE looks cheap. You gotta believe this will turn around soon. But it's friday of a bad week. A lot of people will go home and nurse their wounds. Taking losses here doesn't make much sense in my experience. Buying does because the downside is minimal. My conclusion is to be paralyzed myself and do absolutely nothing. Unlike you I'm holding everything. The paper losses have already been accepted psychologically. I could be wrong but I think we'll hold here and there will be bargain-haunting galore as soon as the market gives itself any excuse to rally. Using PFE as an example, overblown, oversold, irrationally pessimistic. CMGI hurt but otherwise earnings should be pretty good coming up. That is if you buy stocks which actually earn money. Either way I see a rebound next week. But it could be choppy until we get uncertainty out of the way. Bottomline, there's nothing to panic about. My CHRZ, BEBE, SDTI, WIND and BNBN up a little today. Keeping me cautiously optimistic. What's done is done and under the bridge. The only ting that matters now is what happens next and I see more upside than downside.

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