Sam, there you go again . . . <The major nets (YHOO, AMZN) have corrected about 50% and are at major support levels.> Are you living on Bizarro World where everything is reversed? AOL, AMZN and YHOO just crashed through their support levels - don't take anyone's word for it on this thread, just read any number of analyst's commentaries on the day's events. These stocks are NOT at major support levels, that was last week's situation, they are lower than the support levels. You had your chance to sell your Internut shares and walk away with some money, now there is no telling where they will go. The trend is clearly down and psychology of speculators has been clearly shaken - is it that difficult to get that? Sure these stocks may bounce because they have gone down so much, but predicting when that will happen while they are still in an "orderly retreat" can be suicidal. And if they do bounce somewhat, there will be no quick return to enthusiasm - too many scars have been left on the minds of traders who now wish they had sold when these stocks were 50%, then 30%, then 20%, then 10% higher.
Good luck, I hope you get a big, big pop to sell into. Or just hold onto your shares and wait it out until next fall or winter. There is a better chance that they will be up by then. I'm not sugesting that these are worthwhile investments at this point - there are better places to have your money now. |
