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Return to reality. Dow 9400 to 7400, -2000 points, 7400 to 8500 +1100 points 55% retracement of the loss. Put up chart of $INDU, if it was a stock, i would have my finger on the sell button. POS (Pieces of Sh*t) are flying: mme, oxhp, iom, etc, etc. Ron, after being totally battered in the decline, had over 50% recovery. Am now out of margin, have cash available, and am very watchful of current trading positions. Holding CD and NSCP as major long term investments. Bot G personally and for the Z because it looks like KO did 10 points ago. Been hitting the ATM machine at BT several times a day. traded vlsi warily, but made a few bucks. sold too soon on some issues and made nice $$. bottom line. i think the current gravy train is almost over, and fear that we will retest the 7400 level. There is a world recession on the horizon, or more correctly, many economies in the world are mired deep in recession, Europe and US are pretending they are islands. raise cash, take small losses (duh), don't buy sh*t stocks as long term investments, and good luck. larry |
