< Thu, 21 Sep 2000 17:45:56 -0400
From:
"Olivier ASSER" <info@stock-operators.com>
Organization:
Stock Operators.com
To:
<Undisclosed-Recipient:;>
STOCK OPERATORS PROJECTS A 300-500-POINT CRASH IN THE
NASDAQ TOMORROW. CONSIDER SELL ALL LONG-TERM HOLDINGS. >
Uh let's see .. you posted after hours on 9-21-00. You predicted a 300-500 point decline in the NASDAQ the NEXT day. What did the NASDAQ do on 9-22-00? Historical data shows the NASDAQ (Open High Low Close Volume):
22-Sep-00 3,616.16 3,803.76 3,614.66 3,803.76 21,643,400
21-Sep-00 3,864.60 3,892.40 3,813.12 3,828.87 16,160,100
So if my math is correct the NASDAQ was down 25.11 on 9-22. That's a far cry from a 300-500 point decline.
If not mistaken, you also suggested to your "clients" that they bail from day trading as you felt they'd lose all their money. Hmmmm ... seems it's the buy and hold "investors" who have perhaps suffered the most since the decline in early 2000. The NASDAQ hit about 5100. Now we're hanging on 2000 almost 5 years later, still down over 60% from those highs. Day traders who do NOT take positions home overnight have the opportunity each day to assess the playing field. They don't get hammered if the market gaps down big time and they're long. They don't get smoked if they're short and the market gaps up. I've survived the carnage of the bear market, came out quite well in fact. And that's what can happen if one is a knowledgebale trader who takes responsibility for their own actions. |
