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Strategies & Market Trends : The New Economy and its Winners

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To: Victor Lazlo who wrote (3548)	11/30/2000 1:20:53 AM
From: mike machi	Read Replies (2) of 57684

Victor, Forget about the FED. Its the electoral mess thats screwing the market (lol)..... Its almost a year now since Greenspans `Irrational Exuberance` speech. The Nas is now cut in half and we still have some (with money left) holding long positions , holding overnight and buying into a bottomless pit. Another late reversal today, followed by more E warnings, followed by a slug of AH selling ect.. Haven`t we seen this before? Has anybody noticed that most tech stocks go DOWN a lot faster than they go up these days? I finally figured it out., to survive as a trader (And if your here, your a trader) I had to short the same stocks, that months ago I went to bed with and will again , but not today or tomorrow or because DUAN is way oversold and trading at $42. Soon, we will hear story after story about so many that lost everything trading this market. Not just the average Joe daytrader, but professionals that lost their house or lifestyle because their savings and 401ks are gone or cut in half. And dont expect to hear the media placing the blame on FED action (or lack of) or This electoral mess. Can you say Inflationary Recession? I guess its better than Irrational Exuberance... Mike

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