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Strategies & Market Trends : Gorilla Game Investing in the eWorld

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To: gdichaz who wrote (1236)1/27/2000 6:01:00 PM
From: Teflon   of 1817
 
I know it's been a while, but hopefully my last real directional post help shed some light on where and how the Market is trading right now, IMHO:

from 1/5/00: *I'm looking for a price below 180, that's for sure. Actually, today's action in the Market left me believing that there is possibly some much larger downside moves to come in the Market (high techs) as with earnings warnings season upon us, those momentum players will certainly use the environment combined with overextended prices to bring the market down.

I put a halt to most of the buying activity I was pursuing (except PCNTF), and sold out of a bunch of issues today. I want to have cash on hand for the big dip opportunities that in my opinion are sure to come in the near term. Just my opinions as usual.*


Right now, I am holding a bunch of $$$ and little stock, except for my core holdings that I would never sell regardless. The only stocks I've been looking to buy into of late have been PCNTF and QCOM. Otherwise, I'm waiting for the Mo Mo's to give me some cheap treats for my halloween pillow case!

I hope everyone is doing well, and that you haven't let the big boys take your shares on the cheap.

Teflon
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