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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Trader J who wrote (17907)7/22/1999 8:58:00 PM
From: Wes Stevens  Read Replies (1) | Respond to of 56535
 
I like qwst the best on your list.



To: Trader J who wrote (17907)7/22/1999 9:15:00 PM
From: American Spirit  Respond to of 56535
 
Jeff, agree on all your picks. Would like to add to the bargain basement ITWO, LCOS, CMGI, WGAT, PSFT, NPLS (your pic, just missed my buy order at $20 today), PAIR, USW, WIND, COMS, IATV, CHRZ.

Hell, what am I doing? Might as well buy a mutual fund. But that wouldn't be as much fun.

Anyway, I'll be checking prices in the morning, looking for special bargains and placing limit orders low to catch any last panic moves down. Then just hold the suckers til this pessimism disappears (it always does).

As for Y2K fears, etc., that's another play which isn't quite here yet. Come fall we have both the October jinx and Y2K to deal with, so we can either stay out of the market until December or buy the deep paranoid sell-offs which are bound to happen. Once Y2K is over there will be euphoria in the market (unless the world no longer exists by then). But that's 1-2 months off at least IMHO. right now we have a short term play in these stocks trying to catch bottoms and trim back on rallies when momentum traders drive prices back up.

PS: Wow, I'm smart. So why aren't I rich?



To: Trader J who wrote (17907)7/22/1999 10:03:00 PM
From: LTK007  Respond to of 56535
 
<<BKS (My GAWD, this could be a steal>> when I sold BKS at 30.50 for an 8k loss(my one major realized loss this year),I did so because I had a feeling it was not coming back for quite sometime.
It has only shown thus far it has strong support at 24.
The thing that one has to keep in mind is their losing the Ingram deal
was a major set-back.
Ever since they lost that deal,the stock has been dying.
Something to consider anyway.Max