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Pastimes : ASK Vendit Off Topic Questions
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To: avanti77 who wrote (11585)4/16/2000 11:50:00 AM
From: avanti77  Read Replies (2) of 19374
 
More follow-up and a heads up to my threadmates:

Guardian has addressed what is likely to be the primary point going forward -- the issue of p/e. The Nasdaq is at the beginning of what is likely to be a long term trend toward a more realistic valuation of tech stocks. Selectivity is key.

While I think we will have some tradeable rallies, I'd regard them as just that, until the bottom is placed and tested.

For myself, I continue to stay nearly all cash, with much smaller nibbles on my trading escapades, and vigilant attention to the trades I make. If you're trading without a level 2 screen, you could easily miss the market turns. I'm equating it to a bull and a bear in a vicious fight. The bull is bloodied and flailing. He's still got some adrenalin rushes left, but after that he's going to need some time to nurse his wounds.

This is all JMO, for FWIW ~

Donna
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