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

To: LTK007 who wrote (17958)	7/23/1999 2:52:00 PM
From: Wes Stevens	Read Replies (1) \| Respond to of 56537

got more npls at 20.

To: LTK007 who wrote (17958)	7/23/1999 3:06:00 PM
From: American Spirit	Respond to of 56537

NAZ back to even almost today but my stocks are all getting hit average 5/8 loss today. COMS, SDTI, CPQ, CHRZ, WIND all getting recent bases broken to downside. Just glad I didn't buy them near their recent highs being the bargain hunter that I am. Now either a great buying opportunity or a bad sign. Bought some NPLS today too at $20 and added some WGAT at $40. Frankly, I think the market and the entire nation needs the weekend to lick our wounds. Greenspan didn't help but the JFK Jr. tragedy strikes at the heart of our nation and no one can escape feelings of sadness, guilt and loss (depending on what side of the political spectrum you're on). It's as bad as the Princess Di tragedy for Britain in that it makes us remember 1963 and 1967 and what we know was some kind of terrible Cain and Abel story for our nation. This week the market has not so seemed important as we are reminded that selfish concerns are not everything. Hence the lack of enthusiasm and low volumn, especially since NYC was John's home. Hopefully though this weekend we will mourn and start out next week more positive about the future. Hopefully the institutions will start buying then too. They certainly aren't today. Certainly our economy has a lot to cheer about and upward movement is both rational and sustainable when you look at earnings, etc. A 6% correction on the Naz ought to be enough.