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Strategies & Market Trends : Group Therapy

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To: Alan C. Zezula who wrote (2522)10/12/2000 6:26:11 PM
From: E. Graphs  Read Replies (1) of 4564
 
Hi Alan,

How are you holding up? I'm still in cash. I tried a few trades but they either went down, went up a little, or stayed flat, so I quit that. QCOM was a good one for me for awhile.

Nasdaq down to 3000 area now. I would like to trade a bounce if we get one, but this cat won't hit the pavement! Maybe after all the margin gets wiped out.

I am not eager to part with my cash. The risks are still too high compared with the reward. The risk being we could see world unrest, foreign markets collapse, recession. The reward would be slow crawl at best as we will probably go into a long basing period after this is all over. Am I missing anything?

Duane's DCLK got smashed today. I'm sure he was already out of it. Everything is getting smashed. Next comes Friday the 13th and then it is a weekend. That could set us up for a very dark Monday.

Margin calls are snowballing.

From now on when I go to cash I think I should also go short!

E
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