ARC (ALRC)-A revamped and transformed web-centric IT company Message Board

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Technology Stocks : ARC (ALRC)-A revamped and transformed web-centric IT company

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To: shawn_f who wrote (15)	6/7/2000 4:54:00 PM
From: J.Y. Wang	Read Replies (1) of 87

Thanks. Unfortunately, "analysis" and "well thought out" would have gotten you killed the past 9 months or so. I have given in and am now into the "soccer mom" style of trading, which is still making money. I'm tired of being "rational" and missing out on monstrous runs. Inexpensive stocks that I should be buying are going nowhere or down while grossly over-valued stocks that I should not be buying keep making me money (ie: MSTR today). It's still an insane market. I had a couple of email exchanges with Cramer at thestreet.com about this phenomenon, and he has an excellent series on it this week. The correction was not vicious enough to wipe out enough speculators. The greed/fear scale is still heavily weighted towards greed. The "always buy dips" mentality is still around. Few people are insane (or alive) enough to short the grossly over-valued stocks. My prediction: The insanity goes on until the economy goes to hell, which might not happen for years. The Nasdaq is the world's biggest casino. I go to Vegas for the food and the shows. I think I'll stay. I don't post elsewhere.

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