E*TRADE IPO Alert - Y2K and Beyond (EGRP) Message Board

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Technology Stocks : E*TRADE IPO Alert - Y2K and Beyond (EGRP)

ET 16.94

+1.8%

1:58 PM EST

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To: Bob Duncan who wrote (4673)	4/14/2000 6:43:00 PM
From: Jim B	Read Replies (1) of 10270

consensus seems to be that we tank on monday and if we can rebound late monday then that could setup a nice rally for the rest of the week.. i think it depends on how quickly we can get down to 3000 or so... personally I'd like to see us either dip quickly to 3000 monday and then closed maybe around 3200.. and then start a steady rebound back to 3600 by week end.. OR drop maybe to 3100 monday.. drop to 2950 by tuesday and wednesday maybe 2850 to 2900.... then start our rebound.. be nice to slowly see the selling dry up.. rather than a springboard off the bottom.. cuz then we'll just have folks selling into the big rebound like we saw with last weeks bounce.. it didn't last either way you slice it... lots of folks have lost but it has create enormous opportunities for LONGS who are willing to grab some cheap shares and wait awhile for recovery.. the question is whether you are comfortable with buying the current prices or whether you feel you MUST get the absolute bottom price... me, I'm very comfortable with grabbing BVSN at 33... EGRP under 20 looks incredibly cheap... QCOM still a bit pricey for me but getting better.. EXDS seems great again... AMAT under $80 is very good.. however, if I buy at these prices I have to be willing to accept that they all may fall 15more points before hitting a bottom.. if I can live with that.. then I buy now and dont worry about timing the absolute bottom.. or I buy in bits and pieces.. or I hedge my longs with a few puts or write some covered calls.. lots of opporunities out there for those who havent tied up all their cash I have mostly cash.. however, Monday it's all going to goto uncle sam to pay my ENORMOUS tax bill.... the govt just keeps taking and taking.. when are we gonna decide that our taxes are high enough and DEMAND they lower them?????!?!?!?! Anyone who thinks lowering income tax is "risky" should be shot... what's to risk?? billions were lost today in the stock market... probably trillions since this spiral downward began a few weeks ago... what's wrong with the govt living off a budget and allowing me to keep more of my money??? vote republican this year folks.. for the sake of us all.. (not to mention brining back morality, honor and integrity to the office) jim

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