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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Scarecrow who wrote (1866)	8/18/1999 12:39:00 PM
From: pater tenebrarum	Respond to of 3543

Scarecrow, sorry for taunting you earlier...i have to say i fully agree with what you say - it doesn't pay to be dogmatic about anything in this market. and all inut stocks are not the same, as you say. w/regards to my bear market rally comment i have to say though that the nutz sector as such has clearly been in a bear market since the april highs were hit, and every interim rally so far has turned out to be a selling opportunity. of course it is possible that their bear market has now ended and a new bull leg is beginning, but i don't think so. based on my wave count this looks like a 4 of 3 reaction rally to me so far. the majors like AMZN,YHOO and EBAY are at strong resistance right now, and only if the can overcome it would i be prepared to change my stance. this thread is of course home to a few perma-bears, but i assure i am not one of them; i tend to play both sides of the market, depending on what my indicators are saying. regards hb

To: Scarecrow who wrote (1866)	8/19/1999 2:46:00 AM
From: lifeisgood	Read Replies (1) \| Respond to of 3543

You may be surprised to note that I agree that there is an Internet mania that is unsupportable. What I disagree with is the simplistic notion that ALL internet stocks are bad. Truth is, some are good, some are awful. But a didactic position in either camp will get you killed, IMHO. Good or bad doesn't matter when the market takes a big dive. At that point, all internet stocks will slide... and big. And when that happens, a polarized position (of being out of or short the market) will indeed be profitable. The internet mania will not last no matter how much people want it to. Be forwarned... Best... LIG

To: Scarecrow who wrote (1866)	8/19/1999 4:24:00 PM
From: bobby beara	Respond to of 3543

>>>>spewing vitriolic bile that gleefully hopes for others' ruin<<<< :-) More bile for the pile -g-: Amazon made an island reversal today, the rally in the nets had a narrowing trianglular shape (rising wedge) on narrowing volume, most common in bear market rallies. All the traders that bought the "Santa Rally" hype from brokers yesterday are now underwater, creating some nice overhead supply. >>>hopes for others' ruin<<< We don't have to hope, these new era traders don't need much help from cheerleading bears -g- there is an interesting post on the bubble thread about ipo insider's trying to get out while the gettin's good, more supply. >>>I guess I missed the news we were in a bear market.<<< I hear they are about to announce it any minute on CNBC -ggg- bb