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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (17982)	11/25/1998 3:00:00 AM
From: Lee Lichterman III	Read Replies (3) of 42787

Well count me out of those. My timing has gone to the dogs. I am off Friday and will try to trade but I am about to dump all my cash into one stock and go out with a bang. KEA just blew apart today on some downgrade from yesterday. I know things go up and things go down etc etc. But this was the final nail in the coffin. I will continue to post my charts etc as a hobby and out of morbid interest but I am done "investing". This market has become gambling not investing. The biggest movers this last month have been companies that no one in their right mind would buy based on FA. Even the proven big guys like MSFT are in court and could be broken up yet it doesn't even make a dent. I know MSFT is a great power house but I would have expected at least a temporary blip.( not picking on them but just a convenient example) Internets that might make money someday are up over 200 across the board, DRAM makers that are selling below cost have doubled etc etc. MEanwhile companies with real earnings that are growing at high rates (KEA, COO and many more) are even or fallin to where they were during the correction. I will start compiling cash in my mattress until this thing finally just blows apart then buy the survivors I guess. I think I understand now why the rumor was out last week that Buffet was buying bonds. I may just join him. This market has become the equivelent of selling crack to babies. We all know this is wrong but we enjoy the money. Thanks for letting me vent. Figured I would just pop my head in and show I didn't jump out that window after all. Maybe I'll buy AMZN in a couple years when they are losing 20 a share but trading at 1 million a share. <ng> Lee

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