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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (6368)	5/20/1999 10:57:00 AM
From: Steeliejim	Read Replies (1) of 118717

Comment on NITE. It has swooned since the last time I bought and sold. It hung around 71 (post split), but looks like downside resistance has gone away (Thought I'd try a little TA jargon, but really don't have a clue except intuition.). People have moved to the latest stock du jour for the moment. Online investing sector is not doing much right now--NITE recently worse than others. Same with VRIO and DSL. I think both areas will be back in vogue soon, at least for a little while. But market overall looks like it is kinda stagnating. Kinda reminds me of a biblical image--locusts (daytraders??) swarm over a field, gorge themselves, then move on. Frankly, this may be the pattern for awhile. Local feeding frenzy, then the buyers off to the latest fad. Another image. That toy made up of movable pins that you push up from the bottom. Lot's of neat shapes and bumps, but when you're all done, the thing goes flat again. Jim

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