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Strategies & Market Trends : The Amateur Traders Corner

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To: lifeisgood who wrote (1979)10/12/2000 4:49:00 PM
From: Paul Kern  Read Replies (3) of 19633
 
I'm holding very little long -- MWAV, HUF, ESHR, and ROBV -- all very modest positions and the last two bought at fire sale prices.

We might pop a little in the morning but there will be many investors in the Dow, other big board, and Naz stocks selling to meet margin requirements. Carnage like this doesn't usually end in a day. By Monday , the blood on Wall Street will have been mopped up and the markets should have straightened out a bit, I think. But I don't see any big gains for a while.

To quote my late father who, was, undoubtedly quoting other people, " The trend is your friend".

JMHO

Good Luck All,
Paul
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