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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: SouthFloridaGuy who wrote (93014)4/4/2000 11:47:00 PM
From: westpacific  Read Replies (2) of 108040
 
Puff is so right on today - listen to this man - he speaks many words of knowledge! And a personal thank you from me for all you have done for this thread over the past year.

I am with him, something much deeper is at work here - the pain could get deeper and if that happens the man on the street has yet to sell. What we have seen here is pros - daytraders and money managers evening out portfolios. Raising cash - that is what a good trader does in times like these.

There is still much profit in the technology sector, my attitude is to protect what gains you have! Way to much of an unknown. On the news all I hear is that the sector is way ahead of itself, even after this sell program.

The call is for some bounce but in the months ahead we could trend lower. I posted a report Friday from a Pulitzer Price economist whom stated even the DOW is 2000 pts. ahead of itself. Look at the facts, it will be a gift if we have any rally - a gift that I know the smaller investor will use to take money out and onto the sideline. It was a gift the market pulled itself right today to give an opportunity for those whom choose an exit gate to save what they can - ready to play again at some time in the not to distant future when the market is ready again. Risk takers eventually crash and burn - flight may not be the answer - but a trader always protects capital first and foremost. He waits until there is money just lying in the corner waiting to be grabbed. The market does not present that trading environment at this time!

Until that time - cash is king my friends.
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