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Politics : Formerly About Advanced Micro Devices

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To: kash johal who wrote (112962)5/26/2000 12:56:00 PM
From: chic_hearne  Read Replies (3) of 1572099
 
Re: I dumped everything at 74 1/2. I am very uncomfortable about next week

Kash the momentum trader,

Good luck. I'm VERY uncomfortable about the near term. I think you could probably get back in at the end of the day near $72 if you wanted to, there should be a sell off at the end of the day. Who wants to hold anything over the weekend though?

The market forces have let a little air out of the Naz bubble, but it's still inflated. It could burst at any time. On the other hand, if AG announced rate hikes are over, these morons would have the Naz up to 6000 by the end of next week. It's a very difficult situation to deal with now, on all sides.

For your sake, I hope you're able to get back in below 74, but we could open Monday at $80, or at $60, who knows in this market any more.

chic (who's riding out the storm)
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