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To: Broken_Clock who wrote (53696)10/29/1999 8:15:00 AM
From: SliderOnTheBlack  Respond to of 95453
 
Papaya;yes - that HAL Institutional buying is a great sign...

There are allways some buyers;have to be at these levels; but imho - next week and especially post Nov. 9th will see them return in waves; or if we hit OSX 68ish - I think that brings in the buyers immediately as well.

There is a bit of a technical positive imho; since the capitulation blow off on Oct 8th. That being, that we are now in our 3rd mini wave (to borrow EW vernacular), or leg. On these 3 waves, or legs; if we hold here above OSX 68-69 then we will have had 3 "higher" lows; and we have had "higher" highs; before retracing - and if we hold this now 3rd "higher" - low, right here; then I see another "higher" - high; which just may be the turn on a dime, cut & run, to initial resistance at OSX 85-90; and then prior to year end - a breakout touching OSX 100.

PS: ... and per Feldman's post: well all I have to say is that those criteria could fit just about "any" - run of the mill egomanical - meglomaniac(VBG)... or, anyone who has any passion...

In all seriousness; pretty broad generalities... ie: someone who flip-flops on a stock is "manipulating" ? - hardly; like I said, I love UTI @ $14, 15 - I am not a buyer at $20, 22. MEXP ? It "aint" about love, or hate... its about the tape...the stock trades strongly in both directions; knowing which side to be behind, makes all the difference here. Doesn't mean there will not be a time to buy it again ( could be soon (VBG), just as there will be a time to sell. I posted it was going down hard a few days ago, on Yahoo - and all I received was the traditional - "You're hyping to get back in" psychobabble... NO; in reality - I was making an observation of what I saw as an inevitable fact; given tax loss selling and the reaction of its recent PR. Once again; the individual investors are incapable of stepping out; and re-entering much cheaper later... totally incapable of trading the stock - period.

It's no different than the OSX, there are times to buy/love it and times to sell-profit take/hate it... doesn't mean anyone is manipulating; merely means they don't fall in love with stocks; that they can step out, to position to buy lower, that they can take profits on major short term surges etc. The average individual investor is a "once you buy - you can not sell untill you die" investor. The one thing they can't do; is to sell strength and to buy weakness; and to be disciplined to do only that. Instead, they buy the pops, then capitulate on the bottoms - a continual whipsaw. It is virtually impossible for 85%+ of people to buy into blowoffs like we had here on Oct 8th... One can make an awfull lot of money - being emotionally neutral to "stocks" and trading - "the market" and "the tape". The reason is that most individual investors do not have a feel for the tape, is that they do not have a feel for where a fundamental bottom is, in individual stocks, or the sector. It is equally near impossible for them to sell on major short term spikes - there are allways varying technical indicators that everyone uses; but there is also an intangible "feel" and "Feel" is the word... some have it, some don't.

Quite honestly - there are times you just "know" that you are in synch with the market and how its moving. Those are the times to make strong bets. Other times, there are times you are out of synch - those are times to keep lots of cash and not to make bets...

And right about now; I be "feelin" pretty damn good...

Gone for the day, could be interesting - buckle up.