STARBASE (SBAS)- InfoWorld Hot Product Review Message Board

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Technology Stocks : STARBASE (SBAS)- InfoWorld Hot Product Review

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To: Roy F who wrote (1169)	4/13/2000 11:09:00 PM
From: David in Ontario	of 1502

Just a matter of waiting it out... I'm sure that I'm not the only one who thought that the NASDAQ going to over 5,000 (cf. year ago level) so quickly was ridiculous. Happened again - I should have sold some tech when I had realized a good gain - am I ever going to get the 'sell' side of my trading nailed down? :( I feel for those on margin - it's risky and gains should be realized quickly - and the margin debt retired pronto - while you're still ahead!! Now if only SBAS would go down to $0.50 for a while so that we could all load up :) This post on RB more or less sums it up: ragingbull.com Interesting Yahoo post..........Greetings everyone! Thought this might be a possible explanation that might make some of you feel a little better. Good luck to all. Not the street). My broker put me on the line with one of their top analysts. I asked him what was happening with the NASDAQ. He said the Fund Managers were waiting for the Day Traders and the Margin accounts to go belly up before they get back in. Margin accounts have 3 days to settle (and 2 more days in certain cases) and these people have to sell something to bring their accounts current or get cash from somewhere. Usually the margin accounts don't have cash. That is why they trade on margin. The net result is that stocks MAY be less prone to the high multiples in P/E because there will be fewer Day Traders. And the Institutional money will come back in a few days and make 200 and 300 point gains per day in the NASDAQ. (his words not mine). He said the Tech sector will have the 'hot hand' again soon. Another thing he said was there might be only one Fed increase for the rest of 2000. I thought the part about the Fund Managers waiting to get back in very interesting. My portfolio is down over 25% in the last few weeks. David :)

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