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Strategies & Market Trends : daytrading tips to help each other avoid huge losses

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To: linsol who wrote ()	9/2/1999 8:59:00 AM
From: linsol	of 7

Well guys, I hope everyone has some cash to go bargain hunting today and tomorrow. One word of caution (and this is just my opinion), according to some analysts we are in for more on the down side. I would cut my smaller losses and wait for the good quality stocks to drop. then you could either hold for a short time and trade when they come up again or keep them for the long haul. We all know these names THEY MAKE MONEY. Unfortunately I think there will be a major sell off due to y2k fears before the end of the year I have not decided yet if I will sell every thing and jump back in after the carnage or wait it out. I will probably not buy much now. I will only buy stocks that I don't care if they go down for a week or two i.e. HD,GE,JNJ etc. Just buy more.If you can not afford to hold or cost average. then I would start stuffing the mattress at this time. Yeah I think some dummies will drain out all of the ATM's all at once. That tells me I better have lots of cash in the cookie jar at home. This will be a good time to pick up some of the overpriced (but good) internet stocks.

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