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Strategies & Market Trends : LastShadow's Position Trading

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To: greenboy who wrote (3387)11/30/1998 4:22:00 PM
From: LastShadow  Read Replies (2) of 43080
 
Actually, I'm not out of anything. I had a rather significant day at work today, and those issues were more important, but I did keep my eye on the market. Since it was a pervasive down day acrss the nets/networking/software and semi's, I did not take any one stock out of that context. Also, since nothing broke the expected low threshold to exit (at which time I would have posted) I ignored it for the most part.

I will run the numbers tonight, but the bottom line is that if the selling was widespread, then the prices should be ripe for hedge and mutual funds to start taking some more positions. I don't see any inherent weakness in the economy or the sectors themselves.

But hey, what do I know.

lastshadow
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