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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: Dataminer1 who wrote (4930)	6/29/1998 3:47:00 PM
From: OldAIMGuy	Read Replies (1) of 18928

Hi D1, Looks like you've been digging around a bit. I'll agree that some of those high flying internet stocks look a lot like BioTechs from a few years ago. All hype, No Earnings. The problem with the BioTechs at that time occurred when they actually DID report earnings. Then the speculators had "information" that ruined the whole game of musical chairs! I've used very large SAFE (buy and sell resistance) values with such stocks with moderate success. In some cases I've created a "Hold Zone" big enough to float the Titanic. At least it seemed that way at the time. However, the market has usually let me dabble in some buying even with extreme Buy and Sell SAFE. Good news! The *IDIOT WAVE* dropped out of the High Risk area this week. I'll have the full report tomorrow. Best regards, Tom

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