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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (21606)	7/30/1999 8:55:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 99985

Heinz, just one thing to add. You talk about "the day" the market collapses. Well, I say that anyone that's owned internet stocks has already been through as bad a day as there could possibly be. Almost every internet stock has seen a day where it's been down $20, $30 or $40. With the blue chip nets now around $100/share, how much worse can they hit them? Please don't tell me that AOL is going to go from $95 to $45 in one day. It won't happen. Could it go down $20? Sure. It has in the past. What I'm just saying is that maybe the Dow gets whacked 1000 points in one day soon. It wouldn't be that different than some days in the past for some investors (including myself at times). Much worse would be a drawn out series of horrible days. Kind of like what Yahoo went through this month. And Ebay. And Amazon. Basically, these DOT corrections IMHO are worse than anything that would happen in a market crash. There'll be time to get out for everyone. Those that hold on to hope may not be so fortunate. Have a great weekend. Gotta recharge the batteries.