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Strategies & Market Trends : Rande Is . . . HOME

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To: JustTradeEm who wrote (44947)	1/9/2001 3:15:52 AM
From: American Spirit	Read Replies (2) of 57584

Just calling 'em like I sees 'em. I've been wrong in the past. Maybe I'm wrong today. But I'm just not going to listen to or tolerate short artists anymore with the market this low and already battered. There may have been reasons for the techs to plummet (and esp internets) but they're long ago priced-in. The markets have suffered terrible damage and many companies and indivuals are wiped out. Retirements, savings, jobs, tax revenues, etc. Now that we have tested and re-tested recent bottoms it's not only rational but patriotic to fight back against short manipulators trashing and bashing even the best stocks. Go on the Yahoo boards and read the "falling knife" scare tactics being repeated over and over. I'll put my money where my mouth is but it's just reached a point where I'm sick and tired of even listening to the negativity. It has peaked, gotten piggish, loud and greedy to the point of nausea. I read one poster on Yahoo promising SUNW will go down to $12. Well if that were to happen where would the rest of the market be? Talking about a total crash and severe depression. Won't happen but how can anyone cheer on such disasters? Today proved the huge buying power out there once shorts overdo it and are exposed. The Naz went up 100 points in about 30 minutes and will probably continue up manana. Good. And let's keep it going up. Not to be naive but frankly the sky is not falling and there is nothing to panic about. In fact I believe we can all make some damn good profits buying techs down here. Without worrying about every little panic scare tactic or gyration. Excuse me for complaing but enuf is just enuf. PS: Some examples of the bottom: CMGI - down from 125 to 3 1/2 YHOO - down from 245 to 26 INTC - down from 70 to 30 AAPL - down from 65 to 16 LU - down from 70 to 17 You get the picture. The downside should be almost nil.

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