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


To: Robert Rose who wrote (32778)11/8/1999 12:07:00 PM
From: Jurgen  Respond to of 99985
 
beeing bearish doesn't mean you can't play the long side. I've been bearish for 2 years, and i've been long all kinds of ridiculously valuated stocks..right now i'm holding phcm, qcom and arba ..
PHCM has a market cap of 9 bill, rev's are 13 mio, earnings (-20 mio)...with 9 billion you can earn 500 mill risk free in the fixed income market..will PHCM ever make 500 mill $ ? I doubt it - BUT: as long as the trend is up i'm long
It seems you feel like some kind of unique genius because you're holding some redhots...look at the market, everybody and his brother is buying this sh*t...i consider myself as a "hobby ta trader" and i'm up 130% this year just by playing breakouts and breakdowns (takes me ~ 1 hour a day to review the charts) .. How far can it go ? For how long can morons like you and me and J6P continue to put 100$ bucks on the casino's desk and get 200$ back ?

Jurgen



To: Robert Rose who wrote (32778)11/8/1999 1:36:00 PM
From: dennis michael patterson  Respond to of 99985
 
My point exactly. This market will not let you back in. Just pay up and let it ride. After today I am up 100 percent for the year. I am just a law professor; I have a real job; and the kids are always bothering me. I manage their money: they are up 142 percent. I am sorry to see Gail Dudack be ridiculed. She is a smart woman, but wrong. Favors got it right-- have to hand it to him.