Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Chris who wrote (17446)	8/31/2001 11:08:11 AM
From: SpecialK	Read Replies (1) of 52237

VIX prints a 29 this morning. it is falling as the market rises, dead cat bounce. As I write a pullback is occurring. Nothing goes straight down usually. I've got a friend who stubbornly didn't sell CIEN at 100 early this year. I told him time after time, again in the 60s and 40s. He finally sold at 30, days before it cratered. He's been holding YHOO for 4 years now. It's below his cost, but he recently increased his position. When it got to 21, I said SELL. He said it's looking good. I suppose it's looking better as a buy at 12. If it gets to 4, maybe not. He believes broadband is going to make a strong comeback. It may but he's risking retirement money in these markets. I just can't get him to play it safe.

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