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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (17903)1/5/2000 7:58:00 AM
From: InvestLady  Read Replies (2) of 57584
 
Rande,

Good post! Also, we have to keep in mind that last year at this time, many of the "fat cats" were still screaming about the over-valuations of the internet stocks. Most funds did not jump on board until April of after. That showed the power of the individual trader and that was when it got a little harder for us to make $$. But we survived and prospered. Now those "high fliers" are full of mutual funds so I don't expect them to take such a big drop unless these funds start dumping. That is where your analysis is right on-who wanted in a lower prices?? These stocks can only take dramatic falls if funds start dumping. I noticed how much harder it is to figure out what is going on with a stock with LII since mid-1999. MM's got savvy to that fast when they realized more and more individual traders had it. No matter what happens, I think the power of the individual is just going to increase but we do have to be smarter about it. Thank you for your informative, thought-provoking posts. Enjoy your thread and I always try and keep up on it.

P.S. The huge run-ups in smaller, low float stocks shows what individual traders can do. At the very least, it brings under-valued companies to the attention of bigger players.Or it sucks in newbies at the highs(I was one of these for too long!)
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