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Strategies & Market Trends : Puff Daddy's Mo' Money Mo' Problems

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To: SouthFloridaGuy who wrote (811)4/13/2000 3:00:00 AM
From: IFLY_Trader  Read Replies (1) of 896
 
Stock Operator, I hear ya man ... <<I THOUGHT I LOST A LOT, BUT I SOON REALIZED IT'S NOTHING COMPARED TO WHAT EVERYBODY ELSE HAS LOST NOW AND WILL LOSE IN THE COMING DAYS/WEEKS.>> - true, I thought I lost a lot 2 weeks ago ... before the market crashed further and the last 2 days have been hell.

It seems like you don't think we are at a bottom yet ... and you may be right ... but what's your take on the medium-term ... i.e. 4 months out will the stocks regain to at least this level?

I don't think we are in a permanent downturn ... yes techs are out of favor (understatement) ... but they are still growing and many of them are within quarters of becoming profitable ... we saw it with EGRP today.

Old economy companies while profitable have low growth and shrinking margins and how can anyone suggest to keep money in them for the long term (beyond just a sector rotation) ... not to mention their shrinking intellectual capital also ... what, everyone will suddenly buy tons of toothpaste so PG can show some growth?

SO many stocks are starting to look good to me now ... stocks I never liked after the went up 100% (before they went up another 200% or more) ... even the likes of VNTR ... I know I'm not the only one thinking this ... I don't think the techs are finished ... I think we will be back ... with a vengeance (I'm very bullish on the tech sectors ... past, present & future) ... however it could be a while.

And certain broken stocks are permanently broken ... so in the long run this shake-out is probably a good thing ... too many sh#t stocks and sh#t IPOs caused the market to become oversaturated and far too speculative ... too many friends & family & VC/Incubator BS ... just wish I had seen it coming better ... I did see a possible top and cleaned out some of my internets such as YHOO ... but the b2b's I held ... whoops.
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