MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: The Perfect Hedge who wrote (3091)	12/30/1998 9:38:00 AM
From: bobby beara	Read Replies (1) of 99985

B*, I agree with MB's thoughts on this, however whenever an issue has been labeled an internet stock you can forget the valuation thing. I shorted schwab based on a wave count, vertical pole and the thought that it had only recently had become an "internet" stock and plenty of non-nutz investors in this issue would love to lock in profits at this level. I also thought we had topped out market wise, not so sure now. When the market starts correcting schwab will be a good as gold short, just like MER was. bb

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