Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (8860)	8/5/1999 4:41:00 PM
From: Bald Man from Mars	Read Replies (1) \| Respond to of 16809

tell me one sure thing, so that I can bet my farm and get all my losses back

To: DebtBomb who wrote (8860)	8/5/1999 4:52:00 PM
From: Danny	Read Replies (1) \| Respond to of 16809

Dale: I agree this morning's low may put a "relative" bottom for many leader NUTs. For example, EBAY at 70 was a great buy. EELN at 18 was a steal, also STRM at 26 was irresistable. In short term, it is highly likely that NUTS are going higher. However, my guess is that the technical damage in the entire NUTs sector is too severe to overcome by just one rally. So, I do expect they come back, not necessary to the exact point, to this morning's level once again before a new uptrend is formed. Of course, it is also possible that the new trend already started. But, I want to see the rate worry disappears first. Without such assurance, I think nuts will pull back when this rally hits the immediate overhead resistence at the broken 200 dma. For example, YHOO is likely to pull back from 138, AMZN from 110 and EBAY from 110. Of course, if rate worry disappears, buy all you can and hold them until X-mas season:)