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


To: pater tenebrarum who wrote (32888)11/8/1999 9:20:00 PM
From: Stephen M. DeMoss  Read Replies (4) | Respond to of 99985
 
HB, I decided about a week ago not to 'fight the tape' and capitulated. I bought a stock (calls) which represented to me the insanity in the market (BVSN). I had already seen it double, split and run another 40 points before I bought it. It runs another 20 points in 3 days even after issueing another 2.7 million shares (from 72 to 92 today). I got off at 87 and bought puts at 90. Yet now that I think of it, I am a fool. This market is a run away train and we need to just through money at it. I am blown away at what is happening here. YHOO up 15 today for no reason. I can't make sense of it but everywhere I turn my friends are making tons on the long side so i feel pressure to join them (and did well on BVSN). Can we have none stop winning action in the NAZ? No pullbacks? Sorry for rambling but the market is not fun if it has no backing and filling etc. I was going to get back on BVSN on the afternoon pullback. Instead it runs another 6! HELP! Steve D.