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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (632)	6/13/1999 5:06:00 PM
From: TraderAlan	Read Replies (2) \| Respond to of 18137

Raymond, <There are some folks suggesting that if the FED raises by a quart at the end of the month that the stock market will have a relief rally> That's exactly what I expect because that's what's happened in the past. There is nothing ludricrous about it. Bull markets are not ended by single rate hikes. There is a basis for the wisdom: three steps and a stumble. I suspect the rally will start well before the Fed meeting. Alan

To: Raymond Duray who wrote (632)	6/13/1999 5:29:00 PM
From: -	Read Replies (2) \| Respond to of 18137

<has anyone noticed the quality of the dot.com's lately?> Yep... My favorite, (although it's one of the better ones) can you believe "thestreet.com" (TSC) being valued at what, well over one Billion Dollars? Sure, they have two or three decent writers (and they've added a lot of BAD ones with the IPO $). And Cramer "the trader" is surely a major-cerebal entertaining guy, so what if he loses his hedge-fund investor's money and is just learning to trade from his wife, as an alternative to betting it all on obscure small-cap investments, his former style! Cramer's stake alone in the IPO was worth over $250M. It's just a simple website with a few reporters. What does Cramer do now? He's on a diatribe that they need to "cut out the junky net IPO's"... Nutz! But you gotta love tradin em' - that is, the more liquid net stocks, not the IPO's... -Steve