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 : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (12801)	12/7/1999 5:38:00 PM
From: Tae Spam Kim	Read Replies (1) \| Respond to of 118717

Is there any reason why the thread shows PTIX as the corresponding stock?

To: Canuck Dave who wrote (12801)	12/8/1999 12:46:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

CD, I have been roasted and toasted enough to be wary about crashes. I know this can't last and some of my paper gains will switch direction (at least temporarily). But I am having a helluva lot of fun on my PC these days, especially with the Bosnian winter closing in outdoors. I set up my defenses through diversification and stop orders. With about 50 stocks now, a couple could go bankrupt tomorrow and not damage my account too much. And while I am only up 117% compared to Rich's 135% (great job, Rich!), a 10% drop in my account still leaves me up 97% YTD, a figure I can live with. Let's see if we can't keep the streak going, everyone. My goal for the year was only 100% so this is gravy time.

To: Canuck Dave who wrote (12801)	12/8/1999 12:54:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Briefing.com agrees with you. I tend to think we will run through January 3 then have a slump. There are also lots of folks like me with substantial paper gains that they don't want to deal with on their 1999 tax forms. But the crystal ball is murky as ever: "Nasdaq Composite now more than 33% above its 200-day moving average, a divergence history proves is unsustainable... As we noted on this page a couple of weeks ago, similar divergences have been followed by quick, steep declines... The last time the index traded at such a rich premium to its long-term moving average was back in early February of this year... The index tumbled by nearly 14% in a two-week period... Will history repeat itself, or will the moving average divergence be the most recent example of old trading methods put to rest by Internet mania? While stubbornly high interest rates, weakness in the broader market indices, deteriorating market breadth, excessive valuations (even by Net standards) and excessive giddiness all point to the decline happening sooner rather than later, there is one big factor working in the favor of market/sector bulls - the calendar... On top of being a seasonally strong period for the tech industry, we are also seeing buying in anticipation of the January effect... And with year-end bonuses being determined, money managers don't want to be left with excess cash on hand when the indices are rallying to new highs... Consequently, they are chasing the gains... If the latter forces, win out then the rally could persist for another few weeks (though it would likely narrow in scope)... Even so, it is clear that the incredible tech rally is operating on borrowed time.