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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: American Spirit who wrote (66150)1/7/2001 3:15:10 AM
From: iod_sherwood  Read Replies (1) of 99985
 
Anything internet is a steal unless it's going out of business.

that's pretty rhetorical... of the internet ipos/internet services ipos... maybe a small handful of them survive... over 250 of them hit prices over 10 bucks and have plummetted to less than 80% of those prices... many are sub1.

pull up a 3-4year chart of SUNW... might change your mind a bit about being so bullish...now is the time to search for the companies left standing.

things like CHKP are still shortable. still some froth out there. uncertainty is not good and since uncertainty certainly doesn't look likes its going away anytime soon. long is basically wrong for investing... keep trading i say, the range is narrow and the direction is down.
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