Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

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Feb 4 3:59 PM EST

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To: mike.com who wrote (7093)	4/22/1999 8:03:00 PM
From: hoffy	Read Replies (1) of 52051

IATV- I agree Mike. I think a lot of the long term investors are getting a little worried of the recent sell-off and are cashing in on their profits. I'm sure many investors or traders are waiting for it to settle out before they get back in. I know on the first sign that the stock has leveled off I am going to increase my position. But like everyone else, I want to wait and see. If it does turn around, before I can buy, I am not going to be too upset because I still own a heck of a lot of shares. You're right in that there is no reason for the sell-off except for it ran up too quick. Day traders make money buying as the stock goes up and shorting as it comes down. In the long term this is still an excellent investment.

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