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Pastimes : Richard Ney and the Wall Street Gang
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To: NoName who wrote (439)2/10/1999 2:16:00 AM
From: BenYeung  Read Replies (1) of 492
 
From www.msnbc.com, a trader said:
“I think just in general we are seeing continued selling and profit-taking in stocks that had been the leaders in the up move”

Largely, the media is downplaying this and calling a 94 point drop in the NASDAQ a "profit-taking." Well, I am not sure if a 50% correction in a stock is called profit-taking.

I am still bearish but I won't mind playing a trade or two. I am also looking at some long-term investments? Any one?
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