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Strategies & Market Trends : The Millennium Crash

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To: bobby beara who wrote (3110)	8/6/1998 9:20:00 PM
From: set	Read Replies (2) of 5676

most of what you've been saying today is, IMO, right on. YHOO is presenting quite a put buying opp right now, as the aug 80s are the cheapest they've ever been, even though the stock hit 80 just yesterday. There's absolutely nothing happening in the chart to indicate a reversal However, INTC is less clear. if all the crazy money decides the sox has bottomed, do you think they care or even notice that Intel is nowhere near its low? did you hear any of the pros pushing GM today. GM had a conference in which they basically admitted that they suck, and that they sure would like to do something about it now that pricing pressure from asia and the superior quality in all respects of just about every other car co will destroy them if they don't. GM is $6 off it's all time high, with and H&S to die for. what the hell are these idiots thinking? having said all that, calling for a bigger badder drop right now, even though it looks right in the stocks I've just mentioned, feels pretty lonely. Shahar

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