Nasdaq Bottom? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Nasdaq Bottom?

QQQ 629.07

+0.5%

Oct 31 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mr. Aloha who started this subject	12/24/2000 5:52:05 PM
From: John Lacelle	Read Replies (1) of 73

I would say that we won't see bottom till sometime in the Spring. Part of my reasoning is that many people owe taxes on their stock option packages. Also grinding on a lot of people is margin calls...many of the people I know who used margin for the Bull are now paying the Bear dearly. Losses trigger more losses...etc. Then there is the panic effect. People are starting to learn that the market, it does not always go up. That can trigger waves of selling like we have seen. If I was to give the NAZ a bottom number, I'd say it might dip below 2,000...I am pretty bullish at the moment. I think the P/E for the NAZ will hold at about 10-12... -John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next