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To: accountclosed who wrote (47566)6/16/1999 4:07:00 PM
From: Ilaine  Read Replies (1) | Respond to of 86076
 
Sorry if you are irritated, but please don't be irritated at me. I am completely consistent. I am 100% in cash. I believe that the market as a whole is overvalued, and I am standing by my convictions. I believe that a significant correction is inevitable. The emperor has no clothes.



To: accountclosed who wrote (47566)6/16/1999 4:31:00 PM
From: TheStockFairy  Read Replies (1) | Respond to of 86076
 
You are Crazy. Crazy for feeling so lonely.

Screw it all and go for momentum day trading. You never have to keep your position for more than a day if you don't want. Good thing about it, you get an ulcer right away, doesn't take years like with other investments.

I personally hope the one contract I purchased today can make up for all the money I lost to the crooked Fed, CEOs and market makers. They are all an evil lot who want to steal my money, my Tollhouse Chocolate Chip Cookies, and my new chest of drawers. Damn lyin, cheatin, stealin bastards.

Happy investing!!!

TSF



To: accountclosed who wrote (47566)6/16/1999 9:10:00 PM
From: J. P.  Read Replies (1) | Respond to of 86076
 
<<However to say "IBM is a pos" and then to get blindsided by a good report and say "I'm shocked, shocked to see the flim flam going on here, it's a conspiracy" is very weak market thinking, imo.>>

True. As individual investors, I believe we have to realize that the Brokerage Houses, the companies, and the Federal Government all generate actions and news items which move the market, often violently, in whatever direction they wish. We all can cite many examples of news releases and reports that were released in a timely manner just when a stock or an index was at a critical juncture.

I guess the game is as much anticipating the manipulators, as doing actual fundamental research. If you can anticipate the government will always release good numbers, why not get on their side, even if it goes against your common sense? If you can anticipate Merrill Lynch is babysitting a certain stock, why not get on their side, even if it's a dogshit company?

P.S.

I wish I could make press releases that would move a stock up 10 points on demand! I would just buy a few thousand call options, then sell them after the stock jumped! Ah, the ocean is so big, and my boat is so small....




To: accountclosed who wrote (47566)6/16/1999 11:42:00 PM
From: John Pitera  Read Replies (2) | Respond to of 86076
 
I think you make a very valid point that the market being comprised of perception, can really take information and view it through the prism that the market selects, we should not be surprised at what is happening.

The Mkt advance was quite strong today.....