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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Joe Copia who wrote (3406)10/18/1997 1:36:00 PM
From: Hardware Heister   of 120523
 
Have been reading this thread for a while, and am enjoying the general investment banter & info.

Anyway, had to make a comment in regards to the following statement:

'You name the top 3 VERY SUCCESSFUL inverstors and they will tell you when everyone is selling BUY BUY BUY !!!!'

This is certainly very true.

But, just IMO, what we have seen here in the past few days is not mass selling, just a general buyers strike across the board. We've come very far, very quickly over the past 5-6 months from the lows of April, and I think there is some nervousness over the October 1987 10 year anniversary. I hope we don't see everyone selling anytime soon, because if we do, prices are going to come down very rapidly.

I'm being cautious as a result.

P.S. I've seen National Tech Team in action. I'm not surprised by their earnings warning. What scares me is that they still haven't learned their lessons from a year and a half ago.
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