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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (10119)7/27/1999 8:40:00 PM
From: American Spirit  Read Replies (1) of 57584
 
Caught between irrational exhuberance and irrational panic. Somewhere in the middle is where we will be until Y2K is behind us. In the meantime you can make money by market timing. If you're right you win. That sounds nerve-wracking to me. I might just get out shortly and sit it out until November. But this game is addicting so don't expect it will be easy for the collosus which is the market (millions of investors and traders) to shun stocks. Lower highs maybe and no more real internet frenzy but otherwise fairly active. Afterall there are still many new dimensions of the new pardigm evolving. Pick the next wave leader and you can make a bundle. All about stock picking and timing. But I guess that's nothing new either. I believe we could see both DOW 12,000 and 10,000 before Y2K. Though we also might get stuck in a narrow trading range. either way the only real way to lose money it to buy high and sell low. As always. I sold one stock yesterday and regret it dearly. Thought I was being careful but I was being stupid. Ouch!

PS - Rallies during the height of the tech frenzy often lasted 3-5 days. Lately they have lasted more like 1-3 days. So either get in and out quicker or just buy low and hold. And cover your ass before the fall. If you don't want to sell stocks a well-placed put as a hedge maybe.
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