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.

Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (20913)	10/5/1999 5:58:00 AM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

Kendell, thanks for your thoughts as all here know, I tend not to fish the bottom quite as much as others here of late I have tried some; to no avail in most cases I try, fail, take a small loss, try again it is just not working these days the stats that Sue posted shows just how much the index averages fail to reflect the overall market >>>>The average Nasdaq stock is down a stunning 34.8% from its 52-week high >>>>On Nasdaq, 52.1% of all stocks traded now have lost 30% or more from their highs, and a whopping 70.9% are down at least 20%. yet the NASD is only 4% below its all time high this continues to be a market of stocks, not a stock market there are a limited number of winners and a ton of losers I could list hundreds of well run solid companies that are trading at P/E's in the teens; and many in single digits don't matter, they sit doing nothing or just continue to drip lower yet the red hot mo mo's and many new IPO's trade at 50 or 100 or more times sales with no profits in sight till maybe Y3K more than ever this is a time to be selective many of the "old rules", ie, those rules more than 6 months old, need to be put to pasture I fight every single day to try to trade based on years of knowledge and experience while adapting to the reality of the "new" market ain't easy

To: Susan Saline who wrote (20913)	10/5/1999 6:50:00 AM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

Z trades LTCR yesterday I posted that I wanted to buy some of this one ok, here's the issue I want 5000 for the Z but, the volume on it is so low that any large buy would not fill so I propose this lets assume that I did 2000 yesterday at 11, the price that I paid and anpther 3000 today at 11 if it trades there that way the Z portfolio will reflect the real world ok? LTCR was a small "garbage" ipo; the company is in the casino business the quiet period on this ends next monday I'm taking a bet that this may get some attention if any news or buy recs come out if it does with a float of only 750,000 shares it may well get a decent pop if not, I don't see a lot of short term downside for a one week hold PETM this is bottom fishing at its best the existing position in the Z is way under water I think I'd like to add another 10,000 at 3.375 (either under my name or Ricks) ok?